Property tax cap plan could win approval Tuesday

The Indiana Senate could give final approval Tuesday to a proposal that would allow voters to decide whether property tax
limits belong in the state constitution.

The plan has already cleared the Democrat-controlled House and the GOP-led
Senate is expected to pass the bill Tuesday afternoon.

State law already limits property tax bills to 1 percent
of homes’ assessed value, with 2 percent caps on rental property and 3 percent limits on business property. If the bill clears
the Senate, voters would decide in a November referendum whether those limits should be amended into the constitution.

Supporters say the caps protect taxpayers, while opponents say they hurt local government.

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