New rules aim to keep tax revenue flowing

June 10, 2013
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Officials in Fishers and Noblesville have passed ordinances to ensure that high-profile commercial property in their communities stays in the hands of taxpayers.

Fishers has banned so-called “institutional” uses on undeveloped land along Interstate 69. Noblesville allows churches and other not-for-profits to locate anywhere, but those choosing sites within certain economic development areas must agree to make payments in lieu of taxes.

The measures are intended to protect the communities’ commercial tax bases, which are increasingly important as municipalities cope with the financial realities of the state’s property-tax caps.

Other cities in Indianapolis’ northern suburbs apply similar policies on a case-by-case basis. Noblesville and Fishers formalized theirs to send the message that they’re serious about economic development.

“We have spent a lot of money to essentially turn bean and cornfields into developable commercial property,” said Noblesville city attorney Mike Howard, and officials want the resulting projects to produce jobs—and tax revenue.

Both communities have plenty of land that not-for-profits can occupy without any restrictions.

So what do you make of the new rules?

  • Great
    I think the new rules are great and should be applied in Indianapolis as well. I have no problem with churches, etc. being tax exempt, but they should not locate on prime property.
  • You are missing the point.
    Maria: You title your comment "Great" and say they should not locate on Prime Property, but why do you think that way? Is it so that property generates taxes? You may want to pull back and think about what the money that non profit organizations does and what non profits that draw a lot of people does for the surrounding businesses. The municipalities in their hasty grab for cash, did not think it through either. But tell, my why should they not locate in certain areas? I am interested if it something besides tax dollars.
  • I see a lot of primne propery not selling
    I will be quick here. The recession halted a lot of development. I think now that development is coming back string they are trying to rig the game in their favor. WHo is any government to put the label of PRIME or NOT PRIME on private property for sale. As long as the buyer is going to put up something that land is zoned for, if that happens to be a tax exempt organization then so be it. I don't think it is fair to take away tax exempt status from organizations who properly have those exemptions from being steered away from developing on land that suits their needs in terms of location. If the government wants to create a LABEL and a law to tell that organization, go ahead buy the property and invest in it's development but your legal tax exempt status will have to be waved for us to give you the green light to make the purchase is the same as telling a minority which home they can and cannot buy. This should be illegal. This is nothing more than corporate form of racial profiling in the sale of real estate.

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