Check it out...
Tax Abatement Report
release date: January 2, 2008
DEDUCTION LISTING REPORT
Deeded owner........................Deduction Amount
Cardinal Printing Inc. ...............$157,980
Carl F. Booth & Co. LLC..............$196,000
Clark Foods, Inc. .......................$162,070
Discount Labels, Inc. ................$23,410
Fire King International Inc. ......$107,710
Foam Fabricators, Inc. ..............$5,780
General Mills Operations, Inc....$2,404,240
Hitachi Cable Indiana, Inc........$115,4000
Huncilman Bert R. & Son, Inc....$167,130
Ideal Wood Products Inc...........$350,000
Kempco, Inc..............................$350,000
L&D Mail Masters Inc................$85,760
Limmco, Inc.............................$114,490
Mc Donald Marble &
Stone, Inc................................$90,860
Metal Sales Manf. Corp.............$61,090
Padgett, Inc.............................$18,290
Product Specialties, Inc...........$89,010
Riteway Industries, Inc...........$1,269,970
Samtec Inc..............................$473,360
T.G. Missouri Corp..................$4,397,980
Parcel Count Sub Total - 20
Total Parcel Count - 20
Sub Total - $10,596,280
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Page (2)
4-L Company Of Carmel...........$140,000
Anderson Rentals, LLC...........$9,400
Ballew, Jesse..........................$3,100
Booth Acquisition, LLC...........$58,200
Clark Foods, Inc.....................$81,600
Clark Foods, Inc.....................$468,300
Community First
Holdings, Inc.........................$14,100
Cundiff, Michelle L.................$51,600
Develco Properties, LLC..........$1,372,700
Faith, Billie R. & Gloria S.
Living Trust...........................$17,000
Fischer, Steven A & Diane B....$117,100
Fischer, Steven A & Diane B....$546,400
Foam Fabricators, Ltd............$6,800
Furst, Richard J. & Kelly R.....$1,642,700
Garrett, John W. & Alice B......$25,000
General Mills Operations,
Inc........................................$115,940
GTC Properties......................$256,200
Hancock, Glen G...................$29,900
Howard, Leann R.................$55,100
Humphreys, Dana L. &
Brown, Louise......................$32,500
Huncilman Enterprises........$125,800
Jones Popcorn Inc...............$37,100
JVB Investments, L.P...........$76,900
Kessans & Kessans
Properties Indiana..............$44,800
Koetter 4 Properties, LLC.....$278,400
Koetter Development
Co., Inc...............................$28,400
Lukemier, Mary E. &
Louis H. D/b/a/ Luke...........$292,700
Lumley Enterprises, Inc.......$1,435,800
Mc Donald, Robert &
Beverly, LLC.........................$400,300
Meyer Ventures, LLC............$2,260
Mitchell Veneers, Inc...........$529,700
Morency Real Estate LLC......$138,000
Northern, Elizbeth...............$700.00
Parr, LLC.............................$182,300
Padgett Inc..........................$16,100
Padgett Inc..........................$92,000
Padgett Realty, LLC.............$19,300
Padgett Realty, LLC..............$69,000
Padgett Realty, LLC..............$161,300
Payne, Stephen C 1/2 int.
& Sparkman, Ron.................$100,300
PC Properties, LLC................$818,200
Product Specialties, Inc........$448,200
Ragsdale, Gary L. &
Kimberly A...........................$11,800
Retailers Supply...................$793,800
Richardson Hawkins
Durik, LLC...........................$55,200
S & H Properties LLC............$192,200
S & H Properties LLC............$190,200
Scharlow, Larry L &
Brenda J.............................$332,400
Shine, J.R. & Mary Ellin.......$230,200
Shine, John B......................$1,921,200
Shireman-uhl Properties,
LLC.....................................$115,700
Southers, Sicely...................$69,300
Sprigler, Brenda K...............$49,400
St. Edward Court L.P...........$1,822,200
Stubbins, Wanda K.............$37,100
Sunnyview, LLC..................$435,900
TG Missouri Corporation.....$3,659,600
The Carlisle Family LLC.......$215,630
Tilton Stephen....................$458,500
Toman, Candice..................$40,750
Wallace, Stephen, & Shelia.$326,100
Wood & Horrell Limited
Liability Co........................$18,100
Woods Bay Lodging, LLC...$976,200
Zeller, Joseph & Teresa.....$23,700
Parcel Count Sub Total - 64
Total Parcel Count - 64
Sub Total $ 22,317,310.00
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Page 1 Sub Total - $ 10, 596,280
Page 2 Sub Total - $ 22, 317,310
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Total Tax
Abatement's...........$ 32, 913,590
Source: Teresa Plaiss, Auditor
Freedom of Speech would like to say:
Tax abatements reduce the amount that should go into our general fund that supports the city. If they don't pay all of their taxes, then we the taxpayers have to make up the difference out of our pockets.
If the County Council only gave 1 tax abatement then why did the City of New Albany give 84 worth $32,913,590 in 2007.
Source: County Council President, Larry McAllister
Source: Teresa Plaiss, Auditor
Source: Charlie Pride, State Board of Accounts
Local developers will argue and point to a long list of projects that would not have happened in New Albany without local tax increment financing or tax abatements. But we all know tax abatements and TIF are the bread, butter of local developers and development.
But Indiana's property tax crisis is prompting a fresh look at tax abatements and TIF, which critics say siphon away tax dollars from general revenues. We were assured by several Indiana General Assembly members to expected them to consider legislation reforming TIF and tax abatement practices in its upcoming 2008 session.
No wonder property owners are paying higher tax bills!
