A 30% increase for many homeowners, on top of a previous 20-30% increase = unable to afford the house you live in.
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Indiana is capped at 1% for ownwer occupied, 2% for rentals. The issue is they are raising the assessed propery values and spending the money so it cant be reduced in future years.
So governments engaging in financial crimes as usual?
at the county level, but state does not complain about it.
I do not understand this "cap". If its capped at 1% why are my assessed structures / improvements increasing by 30% ?
Last year you had property valued at $100. This year, your property is valued at $130. Your tax amount went up 30% even though you still pay only 1% of the assessed value.
And value assessments are ridiculous. Two residentially zoned houses sold for 500,000 last year, so this year every other house in the zip code is worth more.
It's a shell game. Look over here, not over there.