Focus on Education Blog

How Indiana's Property Tax Caps Impact School Districts Bottom Lines

Kyle Stokes, StateImpact, reports:

"... property tax caps saved Indiana property owners a total of $704 million on their tax bills last year ... The caps prevented school districts from collecting more than $245 million in property taxes in 2013. That's a deeper hit than in years's past; like for all other units of government, losses to the property tax caps are growing.

And the caps’ impact could grow even more. State lawmakers are considering proposals this session that would cut or limit a tax on business equipment — a move that would also curtail property tax revenues."