If the school district’s ballot measures worth $230 million pass, the district says it will upgrade technology, renovate existing schools and build a new elementary school.
Farmers will get property tax relief under a bill approved Thursday that shifts a potential burden of about $136 million onto other taxpayers over the first three years.
Senate Bill 308, which is now headed to the House for consideration, would reduce the total assessed value on agricultural land by an estimated $4.2 billion for taxes paid in 2018 and $8.9 billion for 2019.
Indiana lawmakers are making another attempt to settle a dispute between county assessors and retail stores over how to determine the value of newer big-box stores.
An Indianapolis woman is advocating for state legislation that would provide property-tax relief for longtime homeowners in designated distressed areas.
The audit of Terre Haute’s finances raise doubts about its ability to continue to operate as a municipality. It notes that the city is one of those hardest hit by reductions in property values and property tax caps.
County officials say a legislative fix for the issue passed earlier this year wasn’t strict enough. They say big-box stores are skirting their tax burden by using using vacant buildings to determine the value for taxation of brand-new stores.
Attracting higher-wage residents is key to future growth as city revenues have stagnated and local governments have become increasingly reliant on income taxes. Republican Chuck Brewer and Democrat Joe Hogsett are proposing ways to bolster Indy neighborhoods.
Uncertainty still looms over how much retail assessment appeals could reduce revenue for local governments, libraries and schools or whether they’ll shift costs to other taxpayers, including businesses and homeowners.
The $3.85 million project would allow the regional carrier to train as many as 5,000 employees per year.
The Hamilton Southeastern School Board on Tuesday morning postponed a vote that could have put a referendum over a property-tax hike on the November general election ballot.
The bill comes as assessors around the state worry that recent Indiana Board of Tax Review decisions in favor of Meijer and Kohl’s will force them to slash the value of big-box stores during the upcoming spring assessment cycle.
Lawmakers raised questions and community leaders testified against a bill that would require that referendums for school and government construction projects occur only during general elections every other year.
The Indiana Board of Tax Review ruled in December that the East 96th Street Meijer store—one of the most successful in the state—should have been assessed in 2012 at the equivalent of $30 per square foot, not the $83 per square foot assigned by Marion County.
After planning a move to Westfield, Algaeon Inc. has instead leased new space in Indianapolis for a research and production facility. Planning 25 hires, it is seeking a tax break from the city on $4.9 million in new equipment.