Indiana Could Be In Top 10 For Lowest Property Taxes Soon

Filed Under Indiana, Mitch Daniels, economy, property tax crisis, property tax reform, taxes

Property tax reforms signed into law by Gov. Mitch Daniels might put Indiana into the Top 10 list of lowest property tax states, reports Jason Miller of the Michigan City News-Dispatch.

The property tax reforms could also spur changes in government spending because government entities will have to cut back, says Indiana Gov. Mitch Daniels.

Gov. Mitch Daniels looks at the recently signed property tax reform as an economic motivator which could put Indiana among the 10 states with the nation’s lowest property taxes.

He understands, though, the new structure will force both tax recipients and taxpayers to make decisions on how they spend money and how their communities operate.

“These are some very tight spending controls,” Daniels said Tuesday during a meeting with The News-Dispatch’s editorial board.

More good news: Indiana’s government has a budget surplus!

He also cited figures showing that while the states surrounding Indiana are running budget shortfalls in the hundreds of millions and billions of dollars, Indiana is one of several states operating on a surplus.

He called Indiana an economically sound “island” surrounded on all sides by states suffering severe fiscal problems.

Share and Enjoy:

Technorati Tags: economy, Indiana, Mitch Daniels, property tax reform, property taxes

Cut Back Or Raise Taxes

The Legislative Services Agency reports that 66 of Indiana’s 92 counties have to cut back or they’ll have to raise...

Property Taxes Capped At 1% Of Income?

Indiana Barrister reports that the Indiana House Ways and Means committee voted to cap property taxes at 1% of income,...

Indiana Tackles Government Reform

The Indiana Commission on Local Government Reform has released its awaited report — “Streamlining Local Government. We’ve Got To Stop...

School Costs Drive Ever Increasing Property Taxes

The educational system’s always increasing desire for money is driving property tax rates. While education is the cornerstone of a...

Daniels Slashing Lake Co. Funds

Figuring out ways to cut back government spending in the Region won’t just be talk when Gov. Mitch Daniels slashes...

Comments

5 Responses to “Indiana Could Be In Top 10 For Lowest Property Taxes Soon”

Aaron on March 27th, 2008 1:05 pm

My man Mitch.
I hope he continues what he started.
Chris on March 27th, 2008 4:29 pm

Hi Aaron,

I shows what can happen with the right people in office. It’s too bad Bush wasn’t more like Mitch, instead of being the big spender that he has been for the last 8 years.

I just hope we don’t make the mistake of electing someone who will bring us back to 1976.
Aaron on March 27th, 2008 7:52 pm

Hi Chris,
Mitch has been stellar no doubt.
I’m feeling a little better about Mccain. National Review had a piece about his health care plan. It involves a $5000 tax credit that the individual uses to purchase his own insurance. It would also allow consumers to purchase insurance across state lines.

Robert Novak reported Mccain is considering introducing a plan to reduce the payroll tax. Both free market ideas the dems wont be able to claim is for the rich.
Buzzcut on March 31st, 2008 8:40 am

I wonder how we rank overall for taxes. I have to think that we are also now in the top 10 for least overall taxes. We had been in the top 10 for a number of years, but fell out of the top 10 in recent years (we were number 12 last year, for example).

I have to say that I have a lot of “Hoosier Pride” over this. As f-ed up as Illinois, Michigan, and Ohio are, Indiana has its act together. Things could be a whole lot worse.
Chris on March 31st, 2008 7:49 pm

Hi Buzz,

We’ll see the benefits of lower taxes soon enough once they’ve had a chance to make their mark. It’s great that we’re confronting the problem instead of continuing on the wrong path of ever increasing taxes.