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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.
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.
When the Unigov provision was enacted, the First Class City population threshold was 250,000. Indianapolis had a population of over 500,000 people in 1970, more than double the threshold. The next most populous city was Fort Wayne with a population of 174,000; as such, Indianapolis was the only city affected by the legislation.
The City-County Council passed the Mile Square tax on property owners, called an "economic enhancement district," at its final meeting of 2023, to help pay for improvements, security and homeless ...
NORFOLK — The City Council voted Tuesday to add a new property to its portfolio, a nearly 4-acre parcel currently owned by the National Oceanic and Atmospheric Administration. City documents ...
The Government of Indianapolis—officially the Consolidated City of Indianapolis and Marion County—is a strong-mayor form of mayor-council government system. [2] Local government is headquartered downtown at the City-County Building. [3] Since 1970, Indianapolis and Marion County have operated as a consolidated city-county government called ...
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The city of Indianapolis maintains 212 public parks, totaling 11,258 acres (4,556 ha) or about 5.1% of the city's land area. [123] [124] Eagle Creek Park, Indianapolis's largest and most visited park, ranks among the largest municipal parks in the U.S., covering 4,766 acres (1,929 ha). [125]