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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.
Indiana Governor Joe Kernan formally dedicated the park in 2004. The campground opened the following year and was a partnership with Lafayette as part of the Lafayette Inn tax proceeds. [ 2 ] Construction of the aquatic park began in October 2012 and was completed in 2013 after lobbying by local officials to drive more visitors to the park and ...
In Indiana, the 10 counties with the highest effective property tax rates alone accounted for 27,105 new residents since 2020, a whopping 61.3 percent of the state’s entire population growth.
The largest property tax exemption is the exemption for registered non-profit organizations; all 50 states fully exempt these organizations from state and local property taxes with a 2009 study estimating the exemption's forgone tax revenues range from $17–32 billion per year. [53] Exemptions can be quite substantial.
This was the first time in 20 years Fayette County residents had the opportunity to vote on a new local property tax. Lexington voters pass new tax for parks projected to generate $8 million a ...
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