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Tax Caps, Anyone?

The Indiana Senate today by a vote of 35-15 passed a measure giving Hoosiers the change to vote on tax caps in November.  The House approved the same measure last week.   If passed into the Constitution, property taxes would be capped at 1-percent of a home’s value for residential property, 2 percent for rental and 3 percent for residential.   Below is my afternoon interview with Sen. Luke Kenley, one of the authors of the measure.

Luke Kenley

Now can we stop talking about property tax repeal and move back into the real world?

 

  • Dave
    Today, the US Supreme Court acknowledged the 1st Amendment rights of corporations, to free speech (campaign finance, etc).

    Might the GA discover, that the equal protection thing, also applies to Indiana's inequitable tax "caps?"
  • Anent discussion about ending the piecemeal confiscation of property demanded by those whose goal in life is to grow government I'd suggest that it is just beginning. The defenders of $29,000 per year health care benefits for all school employees exist but they have to be a smaller number than those who tote the taxes to pay for that sort of economic theft. "The 150" did nothing at all about that theft that I am aware of.
  • Dave
    Considering the less than sincere (2006 unanimous vote in favor of REPEAL), sound bitten culture of the GA; it's at least the reel world. Politics is less an art of the possible & more one of appearances.

    Goals it's been said, should be SMART (specific, measurable, attainable, relevant & trackable, something like that). What kind of goals are 1/2/3 "caps" & Indiana's assessment system? Transparent? Where are the CITIZEN SPECIFIC, real world reductions in property taxes?

    A 5% range for assessment increases has an arbitrary, COLA quality to it; hardly a "cap" or taxpayer "protection;" particularly when multiplied by a 1, 2 or 3 factor. Assessments can double every ~15 years, because "they say so."

    The wing tips have only begun to drop in the commercial real estate market, where increasingly, "owners" will turn to demolition for property tax "relief." Fewer jobs, fewer people, fewer rentals & sales; that's "the answer?"

    We've either lost or gained, in dollars & census.
  • arnie
    You are right on Dave.
  • guest
    If this passes, were screwed.
  • melyssa
    I hope that no one ever forgets that once upon a time in America "the real world" meant no civil rights for people of color and a life of second class servitude for women who had no right to vote.

    I think it might be stated more accurately to call this "status quo" instead of "the real world".

    Again, any taxation of homestead property is akin to slavery, or at best, indentured servitude.
  • Rico
    You mean 3% commercial.
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