Indiana property tax bill

[Cortez88]

I think this is a bad bill for a lot of reasons. Indiana doesn’t have a high property tax to begin with. We also already have a property tax cap.

But the more I read about Hoosiers complaining about their property taxes, I have begun to think the whole debate is based on people just not getting it. Namely, I think people have seen their escrow go up as housing prices have increased and they think it’s all property taxes. They don’t understand that the biggest increase driver has been home owners insurance. I’ve had to increase my escrow 4 times between 21-24. It’s almost entirely been because of insurance. So when I see people say their property taxes has doubled, I have to wonder if they are getting it right.

 

[BCCHoosier]

I think this is a bad bill for a lot of reasons. Indiana doesn’t have a high property tax to begin with. We also already have a property tax cap.

But the more I read about Hoosiers complaining about their property taxes, I have begun to think the whole debate is based on people just not getting it. Namely, I think people have seen their escrow go up as housing prices have increased and they think it’s all property taxes. They don’t understand that the biggest increase driver has been home owners insurance. I’ve had to increase my escrow 4 times between 21-24. It’s almost entirely been because of insurance. So when I see people say their property taxes has doubled, I have to wonder if they are getting it right.

One of the things I miss about Indiana. The property taxes. I'm paying 11,500 per year in Illinois.

Thinking about moving back when I retire, but Indiana does tax pensions. Illinois does not. I swear they get you somewhere.

 

[crazed_hoosier2]

Indiana is right about where it ought to be in terms of tax burden. I don’t think our tax code is in need of any significant changes.

 

[Cortez88]

Indiana is right about where it ought to be in terms of tax burden. I don’t think our tax code is in need of any significant changes.

I agree, but we are about to get it by way of a 355!!! page bill. It seems like the Indiana GOP is hell bent on giving the Sam Brownback experiment another go.

 

[crazed_hoosier2]

I agree, but we are about to get it by way of a 355!!! page bill. It seems like the Indiana GOP is hell bent on giving the Sam Brownback experiment another go.

Well, the problem he had is that they cut taxes and not spending. Gave Kansas a big deficit…which is obviously a much bigger problem for a state than it is for the folks in DC who can call up Jay Powell.

I’m all for keeping government spending as low as it can be, given that government is fulfilling its necessary roles in a reasonably efficient ways.

But that’s the target legislatures should focus on hitting. The tax code should be set just to properly fund responsible, necessary expenditures.

Always loved the way Daniels stated this:

We believe it wrong ever to take a dollar from a free citizen without a very necessary public purpose, because each such taking diminishes the freedom to spend that dollar as its owner would prefer. When we do find it necessary, we feel a profound duty to use that dollar as carefully and effectively as possible, else we should never have taken it at all.​

Spot on.

 

[twenty02]

I think this is a bad bill for a lot of reasons. Indiana doesn’t have a high property tax to begin with. We also already have a property tax cap.

But the more I read about Hoosiers complaining about their property taxes, I have begun to think the whole debate is based on people just not getting it. Namely, I think people have seen their escrow go up as housing prices have increased and they think it’s all property taxes. They don’t understand that the biggest increase driver has been home owners insurance. I’ve had to increase my escrow 4 times between 21-24. It’s almost entirely been because of insurance. So when I see people say their property taxes has doubled, I have to wonder if they are getting it right.

My property tax bills have roughly doubled since about 2018 or so. Were however basically flat this year from last.

Some due to increased assessed values, some due to referendums that have passed.

While there are the caps.. We are well in excess of the caps due to the referendums. My primary residence is at about 1.4%, rather than the 1% cap.

Rentals are about 2.4% vs 2% cap

 

[mcmurtry66]

My property tax bills have roughly doubled since about 2018 or so. Were however basically flat this year from last.

Some due to increased assessed values, some due to referendums that have passed.

While there are the caps.. We are well in excess of the caps due to the referendums. My primary residence is at about 1.4%, rather than the 1% cap.

Rentals are about 2.4%

@Cortez88 his primary residence?. You see that? That’s all I saw

#kelleynotlaw

 

[Cortez88]

@Cortez88 his primary residence?. You see that? That’s all I saw

#kelleynotlaw

A disgusting humblebrag

 

[mcmurtry66]

A disgusting humblebrag

We don’t get to write primary residence, but we miss nothing

 

[RegionHoosiers]

Ours have gone up fairly dramatically, a good part of it is from referendums. I'm not sure how I feel about reducing them, as Indiana is a lower tax state already. The school spending keeps going up. I'm not sure how much of that is general inflation vs waste. Some of what I consider waste may be the things that make the schools attractive to others, which probably impacts the value of housing.

 

[Univee2]

Well, the problem he had is that they cut taxes and not spending. Gave Kansas a big deficit…which is obviously a much bigger problem for a state than it is for the folks in DC who can call up Jay Powell.

I’m all for keeping government spending as low as it can be, given that government is fulfilling its necessary roles in a reasonably efficient ways.

But that’s the target legislatures should focus on hitting. The tax code should be set just to properly fund responsible, necessary expenditures.

Always loved the way Daniels stated this:

We believe it wrong ever to take a dollar from a free citizen without a very necessary public purpose, because each such taking diminishes the freedom to spend that dollar as its owner would prefer. When we do find it necessary, we feel a profound duty to use that dollar as carefully and effectively as possible, else we should never have taken it at all.​

Spot on.

Mitch Daniels has/had a hell of a lot to teach other politicians. Too bad those “others” don’t/can’t listen/understand.

 

[Cortez88]

Mitch Daniels has/had a hell of a lot to teach other politicians. Too bad those “others” don’t/can’t listen/understand.

I like a lot about Mitch, but he began what has been 25 years on downward educational attainment in the state. His cuts and caps are how we got to referendums.

 

[Cortez88]

Well, the problem he had is that they cut taxes and not spending. Gave Kansas a big deficit…which is obviously a much bigger problem for a state than it is for the folks in DC who can call up Jay Powell.

I’m all for keeping government spending as low as it can be, given that government is fulfilling its necessary roles in a reasonably efficient ways.

But that’s the target legislatures should focus on hitting. The tax code should be set just to properly fund responsible, necessary expenditures.

Always loved the way Daniels stated this:

We believe it wrong ever to take a dollar from a free citizen without a very necessary public purpose, because each such taking diminishes the freedom to spend that dollar as its owner would prefer. When we do find it necessary, we feel a profound duty to use that dollar as carefully and effectively as possible, else we should never have taken it at all.​

Spot on.

The GOP gave the game away though in SB 1 when they allowed the locals to raise taxes. They knew that the cuts to local units would be big and didn’t want to take the heat. They passed the buck to locals to take the shit for raising taxes. Taxes they cut for no real good reason.

 

[crazed_hoosier2]

Mitch Daniels has/had a hell of a lot to teach other politicians. Too bad those “others” don’t/can’t listen/understand.

He’s the closest thing I’ve seen up close and in person to what I would consider an ideal government leader.

And I think a big part of that is having the kinds of views he expressed in that quote.

It’s not slash and burn. He recognizes that government does necessary things and those things need to be paid for by taxes.

But he also recognizes that the money in question belongs to the people who earned it - and when government deprives people of their rightful property, it needs to be for these necessary purposes and must be spent responsibly.

 

[crazed_hoosier2]

I like a lot about Mitch, but he began what has been 25 years on downward educational attainment in the state. His cuts and caps are how we got to referendums.

I wish the problems with education could be solved by spending more money on it. Alas, I don’t think that’s ever been the problem.

Baltimore has the 4th highest per pupil budget of any significantly sized public school system in the country. Despite this, their results have been shockingly awful.

This one headline says enough about their failures. But it’s just one of many that could be written.

At 13 Baltimore City high schools, zero students tested proficient on 2023 state math exam

At their top 5 high schools, only 11% tested proficient,

 

[mcmurtry66]

I wish the problems with education could be solved by spending more money on it. Alas, I don’t think that’s ever been the problem.

Baltimore has the 4th highest per pupil budget of any significantly sized public school system in the country. Despite this, their results have been shockingly awful.

This one headline says enough about their failures. But it’s just one of many that could be written.

At 13 Baltimore City high schools, zero students tested proficient on 2023 state math exam

At their top 5 high schools, only 11% tested proficient,

St. Louis schools face one of the steepest post-pandemic climbs anywhere • Missouri Independent

One of the nation’s most troubled districts even before COVID, St. Louis looks to brand-new leadership to overcome decades of academic failure

missouriindependent.com

St. Louis Public Schools audit alleges mismanagement under former superintendent

SLPS on Tuesday released the findings of a management assessment on pay, hiring practices and credit card usage under former Superintendent Keisha Scarlett.

www.ksdk.com

'The evidence was so overwhelming': Missouri AG releases final report in investigation against Kim Gardner

Andrew Bailey is calling for tougher laws on holding public officials accountable and changes to Victims' Rights Act.

www.ksdk.com

Here people literally call it being black and blue. Black population and blue governance. Plenty of money being pissed away. Disastrous outcomes

 

[bailey777]

I think this is a bad bill for a lot of reasons. Indiana doesn’t have a high property tax to begin with. We also already have a property tax cap.

But the more I read about Hoosiers complaining about their property taxes, I have begun to think the whole debate is based on people just not getting it. Namely, I think people have seen their escrow go up as housing prices have increased and they think it’s all property taxes. They don’t understand that the biggest increase driver has been home owners insurance. I’ve had to increase my escrow 4 times between 21-24. It’s almost entirely been because of insurance. So when I see people say their property taxes has doubled, I have to wonder if they are getting it right.

The liberal trump haters on here should welcome higher property taxes.

 

[crazed_hoosier2]

St. Louis schools face one of the steepest post-pandemic climbs anywhere • Missouri Independent

One of the nation’s most troubled districts even before COVID, St. Louis looks to brand-new leadership to overcome decades of academic failure

missouriindependent.com

St. Louis Public Schools audit alleges mismanagement under former superintendent

SLPS on Tuesday released the findings of a management assessment on pay, hiring practices and credit card usage under former Superintendent Keisha Scarlett.

www.ksdk.com

'The evidence was so overwhelming': Missouri AG releases final report in investigation against Kim Gardner

Andrew Bailey is calling for tougher laws on holding public officials accountable and changes to Victims' Rights Act.

www.ksdk.com

Here people literally call it being black and blue. Black population and blue governance. Plenty of money being pissed away. Disastrous outcomes

I should add that this doesn’t mean that insufficient funding may not be an actual issue someplace.

It’s kind of like money in politics. A candidate can be sunk by not having enough money. But that doesn’t mean having a pile of cash is going to get you elected.

 

[Joe_Hoopsier]

I think this is a bad bill for a lot of reasons. Indiana doesn’t have a high property tax to begin with. We also already have a property tax cap.

But the more I read about Hoosiers complaining about their property taxes, I have begun to think the whole debate is based on people just not getting it. Namely, I think people have seen their escrow go up as housing prices have increased and they think it’s all property taxes. They don’t understand that the biggest increase driver has been home owners insurance. I’ve had to increase my escrow 4 times between 21-24. It’s almost entirely been because of insurance. So when I see people say their property taxes has doubled, I have to wonder if they are getting it right.

You know what creates peace and no escrow?
A paid for piece of property. Just sayin.

 

[Joe_Hoopsier]

One of the things I miss about Indiana. The property taxes. I'm paying 11,500 per year in Illinois.

Thinking about moving back when I retire, but Indiana does tax pensions. Illinois does not. I swear they get you somewhere.

STAY !!!

 

[Joe_Hoopsier]

We don’t get to write primary residence, but we miss nothing

Once you go Bama, you never go back!

 

[snarlcakes]

@Cortez88 his primary residence?. You see that? That’s all I saw

#kelleynotlaw

Yep. And he also owns beachfront property on beautiful Lake Shafer. Shafer > Malibu. You need to pitch a show idea to your liberal buddy on here. "Housewives of Lake Shafer" starring Twenty. I'd love to see him on TV telling his wife how stupid snarlcakes is 🤣🤣🤣

 

[mcmurtry66]

Yep. And he also owns beachfront property on beautiful Lake Shafer. Shafer > Malibu. You need to pitch a show idea to your liberal buddy on here. "Housewives of Lake Shafer" staring Twenty. I'd love to see him on TV telling his wife how stupid snarlcakes is 🤣🤣🤣

I usually run into him around the holidays. I will do that. He’d be a fool not to pursue it

 

[Cortez88]

This passed late night in Senate with a close vote. It seems everyone hates the bill. The rabble rousers on the right don’t think it went far enough. Beckwith leading the charge and continuing to be a pain in Brauns backside. I understand GOP leadership is now concerned that getting rid of Beckwith is going to be tough. They all played the stupid game and get what they get.

 

[DANC]

Mitch Daniels has/had a hell of a lot to teach other politicians. Too bad those “others” don’t/can’t listen/understand.

They understand. They just don't have Mitch's political courage.

 

[All4You]

I think this is a bad bill for a lot of reasons. Indiana doesn’t have a high property tax to begin with. We also already have a property tax cap.

But the more I read about Hoosiers complaining about their property taxes, I have begun to think the whole debate is based on people just not getting it. Namely, I think people have seen their escrow go up as housing prices have increased and they think it’s all property taxes. They don’t understand that the biggest increase driver has been home owners insurance. I’ve had to increase my escrow 4 times between 21-24. It’s almost entirely been because of insurance. So when I see people say their property taxes has doubled, I have to wonder if they are getting it right.

Anyone with a modicum of financial acumen and basic reading comprehension can ascertain where their increases are coming from, whether they are perusing their property tax statement or their mortgage billing statement. And for people like me, who own their home outright (no mortgage) and have seen their year over year property tax bill increase by 17% on average each of those 4 years 2021-24, it's an obvious kick in the ass. I'm just glad that I live a fairly modest lifestyle, in a modest home and well within my means. It doesn't sting like it would if I was trying to keep up with the Joneses.

 

[hoot1]

You know what creates peace and no escrow?
A paid for piece of property. Just sayin.

Have had a home without a mortgage for some twenty years. During this period paid for repairs with a HELOC which has recently expired.

In spite of spending some $60,OOO on painting, new roofs, plunbing, etc. over the last 40 years the home still needs upgrades by modern standards. Upgrades such as walk in shower which cost a. neighbor $20,OOO. Another neighbor added on to his garage for $60,O00.

Bottom line, in spite of my home requiring upgrades by current tastes as compared to homes in the neighborhood which are up for sale, my home is appraised for tax purposes among the highest in the neighborhood.

In other words, assessed values can be very misleading.

 

[mcmurtry66]

my home is appraised for tax purposes among the highest in the neighborhood.

you can challenge it hoot. in most places it's not difficult to do

 

[iuwclurker]

Move to Florida. Low property tax. No income tax. Gomers street racing at 25 mph.

 

[Cortez88]

Anyone with a modicum of financial acumen and basic reading comprehension can ascertain where their increases are coming from, whether they are perusing their property tax statement or their mortgage billing statement. And for people like me, who own their home outright (no mortgage) and have seen their year over year property tax bill increase by 17% on average each of those 4 years 2021-24, it's an obvious kick in the ass. I'm just glad that I live a fairly modest lifestyle, in a modest home and well within my means. It doesn't sting like it would if I was trying to keep up with the Joneses.

If just your property tax has increased that much over that time, you must have been significantly been under the 1% cap and/or your home value dramatically increased.

Also, if your home value has increased that much, your home owners insurance went up a lot as well.

 

[BCCHoosier]

Move to Florida. Low property tax. No income tax. Gomers street racing at 25 mph.

Very high insurance rates for home and auto. High HOA fees where applicable. Higher costs to eat out. Traffic horrible in the best areas. Great place to visit, but would rather rent.

Don't want a hurricane rebuild in retirement. I have friends near Ft Myers that had to do that.

 

[hoot1]

you can challenge it hoot. in most places it's not difficult to do

MM66, good advice.

Had a successful appeal some 20 years ago before I lost some of my get up and go.

 

[mcmurtry66]

MM66, good advice.

Had a successful appeal some 20 years ago before I lost some of my get up and go.

that's what the dream team is here for hoot

 

[All4You]

If just your property tax has increased that much over that time, you must have been significantly been under the 1% cap and/or your home value dramatically increased.

Also, if your home value has increased that much, your home owners insurance went up a lot as well.

But no, my assessment relative to the cap wasn't the issue. It was as most people have experienced...property values increasing, especially in small town/rural areas where commuting and/or remote working is a viable option.

 

[iuwclurker]

Very high insurance rates for home and auto. High HOA fees where applicable. Higher costs to eat out. Traffic horrible in the best areas. Great place to visit, but would rather rent.

Don't want a hurricane rebuild in retirement. I have friends near Ft Myers that had to do that.

No quibbles.

 

[BCCHoosier]

No quibbles.

Still understand the appeal of it. Especially on these cold windy Spring Midwestern days.

 

[Cortez88]

Still understand the appeal of it. Especially on these cold windy Spring Midwestern days.

I have had it with this damn wind. It’s been awful.

 

[iuwclurker]

Still understand the appeal of it. Especially on these cold windy Spring Midwestern days.

While everything you listed is true, it doesn’t affect me particularly. I put on about 3 to 4000 miles per year in my van maximum. I walk mostly to where I need to go. I minimize my property insurance and the HOA costs are a pain in the ass. And I rarely eat out because I don’t trust the low lifers restaurants hire. I don’t want any of their diseases.

 

[Univee2]

I have had it with this damn wind. It’s been awful.

Tumbleweeds!

 

[iuwclurker]

Tumbleweeds!

Here we go again…