Public Question #1
Constitutional Amendment
Shall Property Taxes be limited for all classes of Property by amending the Constitution of the State of Indiana to do the following:
(1) Limit a taxpayer's annual property tax bill to the following percentages of gross assessed value.
(A) 1% for an owner-occupied primary residence (homestead)
(B) 2% for residential property, other than an owner-occupied primary residence, including apartments
(C) 2% for agricultural land
(D) 3% for other real property
(E) 3% for personal property
The above percentages exclude any property taxes imposed after being approved by the voters in a referendum
(2) Specify that the General Assembly may grant a property tax exemption in the form of a deduction or credit and exempt a mobile home used as a primary residence to the same extent as real property.
Freedom Of Speech would like to say:
Why should we homeowners have to find room in our budgets for income or other tax increases? Why should we do with less so that our local government can get larger and more bureaucratic and unfair?
We want local government to find room in their budgets to cut excessive spending and stop mismanagement of our tax dollars.
If our bond rating goes down because our incomes goes down, is that necessarily a bad thing? We don't want local government borrowing more money because HELLO...we can't pay it back!
Our local debt to income ratio is out of control.
Raising property taxes is not the answer, when our local government doesn't give a damn about us property owners!
Local taxpayers are also wiser now to local government of "bait and switch" with our money. We know you use our homes as collateral, we know you are only doing something now because there was public outrage, and we know you are all afraid for your jobs...as you should be!
Most of you won't see another term in office.
"VOTE ~YES on November 2, 2010."
