Property tax caps heading to Indiana voters

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

The plan had already cleared the Democrat-controlled House. The GOP-led Senate
voted 35-15 for the proposal Tuesday. The voter referendum in November will mark the last phase in a process started after
what many called a property tax crisis in 2007.

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. Voters will 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.

Please enable JavaScript to view this content.

Editor's note: IBJ is now using a new comment system. Your Disqus account will no longer work on the IBJ site. Instead, you can leave a comment on stories by signing in to your IBJ account. If you have not registered, please sign up for a free account now. Past comments are not currently showing up on stories, but they will be added in the coming weeks. Please note our updated comment policy that will govern how comments are moderated.