Taxing Situation Looming
Indianapolis Business Journal (July 30, 2007)
Author: Schnitzler, Peter
Vol: 28, Issue: 21
Summary
If the reassessment ultimately shows that commercial and industrial properties have been undervalued, a significant portion of Marion County's $132 million property tax increase will shift from homeowners to businesses. Until Indiana's property tax problems are settled, economic developers can't answer a number of prospects' basic questions, which Indianapolis Economic Development Executive Director Jeb Conrad said often start with cost, cost, cost.
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Taxing Situation Looming
Indiana's property tax woes are already a headache for Marion County homeowners. Now the cure is becoming a migraine for area businesses, local elected officials and regional economic developers, too.
"You just can't find any other word to describe property tax assessment in the state of Indiana than a failure," said Pat Barkey, a rese...See the full content of this document