Property taxes are going up 24% and lawmakers in both Parties acknowledged that this needs to be addressed...
So they passed a budget that will still allow property taxes to increase by 24%; however, they will send a rebate check in late 2007 or early 2008. This is expected to end up reducing the increase to an average of 10%.
What moron came up with this idea?
Why was this passed by the Democratic House on Party lines and then passed the Republican Senate overwhelmingly?
If you are a Hoosier I want to know what you think of this...
Consider the following:
If your property taxes increase 24% you still have to pay them; however, the State Government will issue you a rebate check. Our Government is going to have to determine how much each property owner should be paid and cut them a check. Does anyone think that is going to be easy for Indiana to accomplish?
What happens if your house is sold during this time?
Can you imagine how this is going to effect people's escrow accounts? Your escrow payments are going to go up significantly.