Indiana is the process of changing the property tax structure, they pass a bill to limited property tax to 1% in residential, 2% on rental and 3% on commercial starting in year 09, payable in next year and increase sales tax 1% to pay for the revenue lost, they claim next year tax will be lower.
but they take away the replacement cost credit for year of 08, so tax is 35% higher which is due now, current tax rate within city limit is 2.36%, outside is 1.4%
the state of indiana is out their fxxxing mind....
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That is pretty bad.
-cultuslake-
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05/07/2009 postreply
16:26:07
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Property tax higher means house price down
-sunpriest-
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05/07/2009 postreply
19:27:59
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exactly!
-美西游子-
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05/07/2009 postreply
19:32:04