I have posted comments about this before...
Fort Wayne and Allen County should get together and they should ABOLISH personal property taxes at once.
Businesses are required to file a stupid form each year and to pay a small percentage of the value of all of their equipment to The Township. This form is due on May 15th. For the smallest business this form is still four pages long...
Businesses of course then pass this tax along to their customers. Just abolish the tax. We would be much better off:
1. It is a long form and it is a pain to fill it out.
2. It is ALMOST impossible to enforce. Many businesses do NOT even pay it. Those
businesses who do are almost penalized because there are so many businesses that do not
3. The City Council often grants tax abatements to large and mid-sized companies; these
abatements forgive these companies from paying these taxes for a period of time. Small
Business owners are locked out of these tax abatements.
4. Tax abatements are unfair on this tax. They benefit large companies and punish small
I keep hearing how 7 of 10 jobs are created by small businesses. Why do we keep subsidizing large businesses and penalizing small businesses?
It does not make sense...
Do not even get me started on the Downtown Improvement District today.