Monday, March 24, 2008
Property Tax Billed Signed and Approved
The property tax proposal has finally made it through the house, senate and signed by Governor Daniels. The plan would lower homeowners property taxes an average of 30% statewide. The law will cap taxes on residential property at 1%, rental properties and farmland at 2%, and commercial property at 3%. In accordance to the legislation the sales tax will also be adjusted from 6% to 7% to help offset the difference of property tax lost.
# posted by Jeff @ 6:52 PM 
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