3/28/2008

Will the people be out in protest again?

Good news or bad news about our brand new property tax assessments? The Indy star found assessments increased on more than 82 percent of business properties, but they said that residential values stayed the same or decreased for about 75 percent of the county's homes. (Mine went up by almost 27%). And how would you like to own the Pyramids? Their assessment went from $8.5 million to $27.3 million. It is also reported that one tax activist assessment went up by a whopping $30,000 on her house.
So in my case, I will be paying the 1% cap, about the same amount of dollars I did in 2006 plus paying a new 1% sales tax. Now I suggest that people that really want to protest not only come out for rallies, but do not buy any major items or anything that you can hold off on. Lets send our letters to the state and tell them what we think of the “new and improved tax packet”. More to come.

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