Wednesday, August 26, 2009
Marion County Property Taxpayers Are Being Gouged
Well, I see our friends in the Marion Co. Assessor's Office have been up to their little trick of figuring out how to get around those property tax caps the legislature enacted. The answer from Greg Bowes' office seems to be to jack assessments by absurd amounts. My 2008 assessment, which I just found out about today, is 31% higher than the 2007 assessment. Translated, even with the 1.5% property tax cap on homesteads, my annual property tax bill could jump from $2,400 to $3,789, or an increase of 58%. The assessed value is completely out of whack. Property values in my neighborhood like most of Indianapolis peaked in 2007 when property tax bills arrived in people's mailboxes and taxpayers took to the streets to protest. WTHR has a story and a link to the assessor's office where you can check out just how badly Greg Bowes screwed you over.