I Hate to Be The One to Tell You
There’s nothing worse than starting out the week with bad news, but here it is. All my early analysis of the property tax mess in Indiana is telling me not much is going to change after the reassessment.
At best, there may a 5-10 percent drop in your bill if you’re lucky. So if you got a 70 percent increase, you’ll get 10 percent off. Part of the reason is that most commercial and industrial property hasn’t gone up in value and government spending has.
I could be wrong, and I hope I am, but this is what the data is looking like. I was at the anti-tax rally in Broadripple yesterday where they symbolically dumped tea into the canal.
Once they get this news, they’ll probably go grab some politicians.
