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Property Tax Respite Coming?
Plan Would Allow Increase To Be Paid Off Over Months
POSTED: 11:55 am EDT July 11, 2007
UPDATED: 9:48 pm EDT July 11, 2007
INDIANAPOLIS -- Reacting to huge increases in property tax bills and the resulting outrage from taxpayers, Marion County's treasurer said he is mulling a plan that would let people pay part of their increases in installments.Homeowners already pay property taxes in two installments. Under county Treasurer Michael Rodman's plan, homeowners, for the payment due dates of July 27 and Nov. 13, would pay 110 percent of the installment amounts they paid last year.
Capitol WatchBlog: Fixing The Property Tax Crisis
They would pay what is left of their increases in eight monthly installments, from August through October and December through April.The City-County Council and the Indiana Department of Local Government Finance would have to approve the plan, 6News' Norman Cox reported.Daniels already has said he ordered a state investigation of an apparent disparity between residential and commercial reassessment in some counties, including Marion County.Daniels also directed the Department of Local Government Finance to approve any county's application to permit homeowners to pay their property taxes in installments and to extend bill due dates.According to estimates by the Legislative Services Agency, property taxes on homeowners were expected to increase an average of 24 percent statewide this year. But residents in parts of Marion County have seen much higher increases, prompting some to protest in front of the governor's residence this month.During their regular session this year, lawmakers approved rebates that were projected to lower the average increase to about 7.7 percent, but the rebates won't be sent until after this year's second installment of property tax bills are mailed in the fall.
Capitol WatchBlog: Fixing The Property Tax Crisis
Related Stories:
- July 11, 2007: Governor Leans More Toward Indy Assessment Redo
- July 11, 2007: Property Tax Crisis Has Buyers Bailing On Purchases
- July 10, 2007: Governor, Speaker: Tax Deal Should Precede Special Session
- July 10, 2007: Suit Challenges Property Assessments
- July 10, 2007: Governor Mulls Special Session For Property Tax Relief
- July 9, 2007: Late Tax Bills Keep Some From Fixing Errors
- July 7, 2007: Protesters Turn Up Property Tax Heat
- July 6, 2007: Some Taxpayers Not Getting Deductions They Should
- July 4, 2007: Anger Boils At Property Tax Protest
- July 3, 2007: Upset Property-Tax Payers Jam Assessors' Phone Lines
- June 29, 2007: Taxes Spur Fear, Anger In Marion County Residents
- June 28, 2007: Dreaded Tax News Coming For Indy Property Owners
- June 25, 2007: Property Tax Moment Of Truth Nears
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