tag:blogger.com,1999:blog-12703782.post7547814047102333158..comments2020-04-11T03:30:02.282-05:00Gary R. Welshhttp://www.blogger.com/profile/15185079937305083438noreply@blogger.comBlogger11125tag:blogger.com,1999:blog-12703782.post-72475192463712490712008-03-16T12:49:00.000-05:002008-03-16T12:49:00.000-05:00Property tax reform is incomplete without massive local government consolidation and government spending cuts.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-12703782.post-38438681197613584532008-03-15T17:46:00.000-05:002008-03-15T17:46:00.000-05:00As I understand it, you are entitled to a homestead credit equal to the amount your tax liability would exceed 1% of the gross assessed valuation of your home once the caps fully take effect in 2010. So if I own a $200,000 house and my tax liability is $2,500, I would receive a credit of $500 to reduce my liability to 2,000, or 1% of the gross assessed value.Gary R. Welshhttps://www.blogger.com/profile/15185079937305083438noreply@blogger.comtag:blogger.com,1999:blog-12703782.post-82870016211616229832008-03-15T16:33:00.000-05:002008-03-15T16:33:00.000-05:00Gary,<BR/><BR/>Could you shed some light...do the caps kick in based on the assessed value of a home after exemptions such as homestead & mortgage are factored in?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-12703782.post-48767692181257014852008-03-15T12:54:00.000-05:002008-03-15T12:54:00.000-05:00How did we win? <BR/>Spending wasn't reduced, just shifted.<BR/>The cap on property tax is a joke, all they have to do now is just raise the assessed value of you home and we're right back were we started.<BR/>Every official from the mayor on up has their own little club.<BR/><BR/>AND WE THE PEOPLE AIN"T IN IT!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-12703782.post-48159118098472140292008-03-15T11:32:00.000-05:002008-03-15T11:32:00.000-05:00Greg Ballard? Barf!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-12703782.post-68467552751354490452008-03-15T09:58:00.000-05:002008-03-15T09:58:00.000-05:00Dream on if you actually think this will be approved a second time and actually make it into the Constitution. This plan is so unworkable that they'll have to change it next year to avoid complete disaster for local municipalities.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-12703782.post-59163191615775314992008-03-15T08:37:00.000-05:002008-03-15T08:37:00.000-05:00I think your bi-partisan praise is laudable, but the result is less practical for me.<BR/><BR/>Ya see, when the nutterballs wanted to amend our constitution, a sacred documen, for marriage issues, I was appalled. I'm equally angry at amending it for property tax caps.<BR/><BR/>Anyone who reads the papers of the Indiana or federal Founding Fatheers (yeah, there were no mothers, but that's another subject), will tell you these folks didn't want the Constitutions to deal with the everyday issues like tax policy. A broad statement on free and appropriate public education, for instance, was inserted into the Indiana Constitution. No mention was made of how to pay for it, although it's assumed it would be taxes.<BR/><BR/>Taxes which would ebb and flow with the time, thereby more able to adapt to shifting pressures and needs. <BR/><BR/>What we really needed was about 3/4 of the state's school boards and superitenndents, to be forced out. Ditto with the legislature. A 1-2-3 Constitutional Amendment, which will surely pass overwhlmingly, doesn't really deliver the kind of answer we needed. My bill will be stablied, but the policies behind my tax bill won't get a thorough scrutiny. Which we still need.<BR/><BR/>We let these irresponsible schol boards, superintendents and legislators off the hook. Their feet were placed close to the fire but we let them out of danger.<BR/><BR/>WIthin five years, they'll be scrambling back to find other taxes and fees to impose.<BR/><BR/>And the decision makers at the time won't have any more guts than today's.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-12703782.post-27825534915128123362008-03-15T07:11:00.000-05:002008-03-15T07:11:00.000-05:00AI, you give the legislators too much credit. They were all in the same hot water as the governor.<BR/><BR/>Bauer wisely realized that his party's slim majority (hence his speakership and personal power) would evaporate if he were the reason no tax deal materialized.<BR/><BR/>What I find amusing is the whining from the business-lobbyist community. The failure of the township assessors to value commercial property fairly for most of a decade, taken together with the elimination of the inventory tax, really gave commercial property owners and businesses a big break at the expense of homeowners. <BR/><BR/>All this deal does is restore some equity to the overall system. As the fair-tax folks never tire of pointing out, gone are the days when a taxpayer's (farm) property produced food and income for his/her family. Yet commercial property is an "input" into producing goods and services and it has a clear value for such purposes.<BR/><BR/>The main thing this whole mess points out is that the Indiana Constitution is long overdue for a re-write, not just tinkering around the edges. The structure of local and state government needs an overhaul. Likewise with the whole structure of state and local taxation and spending.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-12703782.post-60341502396811665552008-03-15T00:33:00.000-05:002008-03-15T00:33:00.000-05:00Good luck on that one, vox populi. The Carson political machine typically decapitates anybody who dares to challenge them. We'll see what David and Woody look like in 60 days.Gary R. Welshhttps://www.blogger.com/profile/15185079937305083438noreply@blogger.comtag:blogger.com,1999:blog-12703782.post-79319069725258823872008-03-14T22:18:00.000-05:002008-03-14T22:18:00.000-05:00I have to say I look forward to replacing Mayor Ballard in 2011. Part of me feels that David Orentlicher might be running for Congress to boost his name recognition for a city-wide run. He knows that fighting the Carson Machine will be difficult.<BR/><BR/>I am very happy though that a property tax deal was reached.Vox Populihttps://www.blogger.com/profile/09174941325997674801noreply@blogger.comtag:blogger.com,1999:blog-12703782.post-74280693698149622822008-03-14T20:54:00.000-05:002008-03-14T20:54:00.000-05:00Amen my man! Couldn't have said it better if I tried.Anonymousnoreply@blogger.com