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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.
Real estate taxes are based on the value of the property and are usually paid to school districts and local and state governments to fund schools, infrastructure, community projects and other ...
In the absence of urban planning policies, property tax on real estate changes the incentives for developing land, which in turn affects land use patterns. One of the main concerns is whether or not it encourages urban sprawl. The market value of undeveloped real estate reflects a property's current use as well as its development potential. As ...
A real estate transfer tax, sometimes called a deed transfer tax or documentary stamp tax, is a one-time tax or fee imposed by a state or local jurisdiction upon the transfer of real property.
Real estate taxes and property taxes can be a confusing concept to research on the broadest level. Many readers find articles that use both of the terms (property taxes and real estate taxes)...
Immobiliare (Real Estate) Tax: The primary property tax in Italy is the Imposta Municipale Unica (IMU), commonly known as the municipal property tax. The tax is charged on the ownership of buildings, buildable areas and agriculturallands situated within the Italian territory. IMU is an annual tax levied on the cadastral income of the property ...