Sunday, May 25, 2008
Tax Bills Will Be Lower For Most
About 90% of Marion Co. homeowners will realize a reduction of about 10% from the flawed tax bills they were originally mailed last year before Gov. Mitch Daniels ordered a reassessment according to the Star's Tim Evans and Mark Nichols. That translates to a median savings of $145. Your tax bill will, however, be on average 20% higher than what you paid in 2006. Taxpayers will not realize any benefit from the property tax relief enacted this year until they receive their 2008 tax bills, which aren't expected to be mailed until later this fall. The story attributes all the savings on the 2007 tax bills to the reassessment. What about those refunds the legislature enacted in 2007 which taxpayers were originally suppose to receive in the mail? After the reassessment order the decision was made to roll the rebate into the revised 2007 tax bills. How much of the 2007 reduction is attributable to the rebate as opposed to the reassessment?