Facts about Indiana Property Tax
It is the only tax in Indiana that is not transparent
Property tax taxes a basic human need (shelter) and most citizens feel it is immoral of government to tax a basic physical need.
Your property is used as collateral to secure bonds (State and Municipality spending loans)
Property tax caps will not fix the broken tax assessment and collection system
Property tax caps will not change the fact that property tax is the most expensive tax to collect
Property tax caps will not change the fact that your home will continue to be held to a subjective assessment performed by a government official or government contractor working within a very broken system
Property tax caps mean that farmers, landlords, and businesses will pay a higher property tax than everyone else and will make taxation non-uniform and equal as required by Indiana's constitution!
Property tax caps mean landlords pay a higher property tax and will have to pass their tax on to renters.
Property tax caps mean that farmers who raise our food will pay a higher tax and have to pass the tax on to everyone who eats the food they raise
Property tax caps means that businesses will pay higher tax and have to pass the bill on to every customer who buys their products and may make it harder for Indiana businesses to compete
There are 150 other transparent fees and taxes in Indiana
The property tax burden can be shifted one or more of the other 150 forms of transparent taxation
The property tax system is broken...literally, it doesn't work. Ask the assessors who were made the political scape goats for the state's incompetence.
At least two world class economists wrote plans for property tax repeal that WILL work. See links on Hoosiers For Fair Taxation.
Thousands of Indiana property tax appeals have not been settled
Local muncipalities are forced to borrow shortfalls from the bond bank on still uncollected 2007 tax due to complete broken state of administration of property tax assessment and collection.
Property tax is the most expensive tax to collect.
When property tax is repeal in Indiana, our economic engine will boom and Indiana will attract record numbers of investors.
The Indianapolis Business Journal has an interesting article on how shopping malls are trying desperately to survive as online commerce increasingly takes ...