Property Tax Relief:
Fair, Far Reaching, and Final
Governor Mitch Daniels, with unprecedented bipartisan
support from the Indiana House of Representatives
and the Indiana Senate have passed historic legislation
that will provide significant property tax relief
now and permanent protection against future property
tax increases.
This year, Hoosiers will have an average property
tax cut of more than 30 percent; a total of $870
million in relief will be provided. Beginning in
2010, homeowner property taxes will be capped at
1 percent of a home’s assessed value, apartments
and agriculture land will be capped at 2 percent
of assessed value, and business property will be
capped at 3 percent of assessed value. Once fully
implemented, the plan delivers $1.72 in tax cuts
for each $1 of new sales tax.
The plan includes the four elements the governor
said were critical last October, when he introduced
a comprehensive property tax plan: immediate
and significant relief; permanent
protection; limits on local government
spending; and improved accuracy
and fairness in the assessment of property value.
 Property
Tax Relief Info
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