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In 2002 the average property tax assessment in the state was 8.82%, with some areas in excess of 10% leading to calls for property tax reform. [7] Governor Mitch Daniels ran for office in 2004 advocating reform as part of his platform. During the subsequent legislative session, the General Assembly approved a 1% cap on property tax rates.
Composition of state and local tax revenues by sales taxes (brown), property taxes (white), licenses and other fees (grey), individual and corporate income taxes (green) in 2007. Determining the value of property is a critical aspect of property taxation, as such value determines the amount of tax due.
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]
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 ...
A number of services and governmental responsibilities, including road maintenance, natural resource management, zoning, and flood control, are delegated by the state of Indiana to county-level government; As a result, residents of the excluded cities are obligated to pay county-wide taxes, and the powers of the mayor of Indianapolis extend to ...
As of the 2023 Census estimates, the population of Indiana was 6,862,199, the average population of Indiana's 92 counties is 74,589, with Marion County as the most populous (968,460), and Ohio County (6,004) the least. 54 counties have 30,000 or more people; 17 counties have populations exceeding 100,000, five of which exceed 250,000; and only ...
Marion County has signed a six-month contract extension with Reworld Marion, which operates the municipal waste incinerator in Brooks, nearly doubling the amount per ton the county pays the ...
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 ...