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In recent years, Franklin Township has seen a population explosion leading to a heavy reliance on residential property taxes in particular for funding of the Franklin Township Community Schools. Also, as the Indiana Property Tax caps have been phased in from 2008 to 2011, revenue for the schools in the township has dropped more than 19.8%. [8]
Marion County is located in the U.S. state of Indiana.The 2020 United States census reported a population of 977,203, [1] making it the 54th-most populous county in the U.S., the most populous county in the state, and the main population center of the 11-county Indianapolis–Carmel–Greenwood MSA in central Indiana.
Property tax rates in Indiana are capped a maximum of 1% of value for residential, 2% of value for rental and farmland, and 3% of value for all other types (the actual rates may be higher, but the maximum paid after deductions is capped through a "circuit breaker" tax credit). [8] The property taxes are assessed ad valorem.
Real estate transactions recorded in Marion County Dec. 13-20.
Lawrence Township is one of nine townships in Marion County, Indiana, United States. The population was 122,321 at the 2020 census, up from 118,447 at the 2010 United States Census. [4] Lawrence Township was organized in 1822. [5] [6]
Home values in Indiana’s housing market have increased by 42% since 2020 and have subsequently driven up property taxes for homeowners. On average, Hoosier’s property taxes have increased by a ...
On license plates, county codes 93, 95, and 97-99 were also used for Marion County in addition to 49. 94 and 96 were used for Lake County in addition to 45. These additional numbers ceased to be used as of 2008. [6] In addition these codes are also used by INDOT for structure IDs on objects such as bridges and overpasses.
County school boards are responsible for funding and management of the public school system within their district. The majority of school funding comes from property taxes. The tax rate is subject to state level approval and is capped by law. Courts: Each county has its own circuit court, formed pursuant to the Indiana state constitution. Some ...
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