tag:blogger.com,1999:blog-12703782.post3321136952311933233..comments2020-04-11T03:30:02.282-05:00Gary R. Welshhttp://www.blogger.com/profile/15185079937305083438noreply@blogger.comBlogger12125tag:blogger.com,1999:blog-12703782.post-75943352533516418592008-02-16T18:16:00.000-05:002008-02-16T18:16:00.000-05:00It's not over yet. I'm betting that there will be a massive number of appeals from the business community. I don't believe for one minute that businesses went up 30%. Wait until you see how much we lose on appeals. This reassessment was a joke, no way could it be done right in such a short amount of time.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-12703782.post-80815895559381760072008-02-16T17:17:00.000-05:002008-02-16T17:17:00.000-05:00Mely I heard the same question and a slightly different answer at a CCC meeting.<BR/><BR/>I know nothing about a meeting at CTS. <BR/><BR/>But I know Greg Bowes. And some of the (worthless) township assessors.<BR/><BR/>They don't make statements like that without qualification. Particularly in this assessment-qeary political climate.<BR/><BR/>I'm suggesting you"underheard," or didn't get the whole quote. It has happened to me, too...this entire subject has been so sensitive for almost a year, that I cannot imagine any elected assessor making that kind of statement without qualifying it. I did hear Rev. Ajabu, at a public meeting, try to rephrase an answer to get what he wanted out of it, but, he's not quite that clever...<BR/><BR/>I'll see Greg tomorrow. I'll ask him.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-12703782.post-28187763590647610102008-02-16T16:41:00.000-05:002008-02-16T16:41:00.000-05:00I thought the Democrats LIKED higher taxes on Businesses ? That is what Obama and Hillary are saying.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-12703782.post-2947482795821538212008-02-16T16:07:00.000-05:002008-02-16T16:07:00.000-05:00I was at the meeting with very few people were in attendance. It was in an auditorium at CTS. Bowes DID in fact say our bills would change maybe 5% at most. Township assessors said the same thing. <BR/><BR/>Don't even try to tell me what I heard. Were you there?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-12703782.post-2609472667783708492008-02-16T15:51:00.000-05:002008-02-16T15:51:00.000-05:00A little perspective please.<BR/><BR/>Mely: Bowes did not "testify" to that prediction: he answered a question, when pushed by a Council committee, regarding his prediction. Stop trying to make it more than it was: a guess.<BR/><BR/>2:19: worst school system in the US? Wanna bet?<BR/><BR/>It's clear this news is not good for businesses in Marion County. I work with a lot of them regularly on their real estate needs. It's fair to say that only the large tenants or landowners will make a relocation decision based solely on tax rates. It's part of the package, but there are many variables.<BR/><BR/>Here's a prediction, to which I won't testify: as part of an incentive package to get companies to locate inside 465, you'll start seeing many more TIF and abatement requests.<BR/><BR/>Which means the Council and Mayor had better get their thinking caps on about how they're going to continue to attract companies. It will not be easy.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-12703782.post-90533803509719671132008-02-16T15:04:00.000-05:002008-02-16T15:04:00.000-05:00The bipartisan government-reform panel led by Indiana Supreme Court Chief Justice Randall Shepard and former Gov. Joe Kernan recommend the elimination of 1,155 units of government and 5,833 fewer elected officials statewide saving $400 million each year. <BR/><BR/>We've got to quit governing like this!<BR/><BR/>Message from former Governor Joe Kernan:<BR/><BR/>http://www.indianachamber.com/<BR/><BR/>Study shows that Kernan-Shepard recommendations would result in between $200 and $400 million in savings each year<BR/>http://www.insideindianabusiness.com/newsitem.asp?id=27617Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-12703782.post-50100692849152021802008-02-16T14:19:00.000-05:002008-02-16T14:19:00.000-05:00It is worse than that. New business and new industry being attracted to Indiana because of its improved climate for business will by pass Indianapolis/Marion County. Having the worst school system in the USA is already a burden to overcome as talented employees coming with a relocation decision WON'T COME and subject their children to the ISTA WONDERLAND.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-12703782.post-39536988314105092662008-02-16T14:02:00.000-05:002008-02-16T14:02:00.000-05:00Greg Bowes testified at the City Council budget hearing last year that homeowners would see maybe a 5% change in their bills after the reassessment. Homeowners may be joined now with business owners in the streets with torches and pitchforks come spring when the bills arrive.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-12703782.post-18406938044535143532008-02-16T13:11:00.000-05:002008-02-16T13:11:00.000-05:00IIRC, the issue with the previous business assessments is that they weren't updated the way that residential assessments were. Which means that homeowners were essentially paying a greater-than-fair share of the property tax pie.<BR/><BR/>Assuming that the new business reassessments are accurate (and at least you can challenge assessments), it is fair for businesses to pay their share of the property tax. Although they may still have an issue with the tax rate, which is presumably what would make Morgan county, etc. so appealing.<BR/><BR/>I don't have a good feel for how many businesses would realistically consider moving, though. A lot of businesses can't move, of course, because they are geographically tied to their location. Other businesses probably can't afford to move because moving itself would be too expensive. But there is undoubtedly *some* group of businesses for which a 20-30% property tax savings might make sense...I just don't know how large that group might be.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-12703782.post-81303692529313706032008-02-16T13:05:00.000-05:002008-02-16T13:05:00.000-05:00Business will leave -homeowners are trying to leave but can't sell their houses-What do they need at the state house to realize that this cannot continue.Yet they want to cling to their cash cow property tax. Get rid of it and you'll see a boom.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-12703782.post-36608281214198533592008-02-16T12:59:00.000-05:002008-02-16T12:59:00.000-05:00Yeah, good point Doug. Businesses don't want to talk about how much they saved through the elimination of the inventory tax, which was not made up elsewhere. That contributed somewhat to the big residential hit in Marion County last year.Gary R. Welshhttps://www.blogger.com/profile/15185079937305083438noreply@blogger.comtag:blogger.com,1999:blog-12703782.post-26543951164953980822008-02-16T12:55:00.000-05:002008-02-16T12:55:00.000-05:00I'd be curious to see what has happened to business's share of state and local taxes has done over the past 10 years. With the Town of St. Johns knocking out the prior residence-friendly assessment system; the inventory tax elimination; and trending, seems like the business tax burden probably shifted to residential taxpayers a good bit over the past decade.Doughttps://www.blogger.com/profile/11424730556609713021noreply@blogger.com