REALTORS® SAY THANK YOU FOR PERMANENT PROPERTY TAX RELIEF
Not long ago, soaring and unpredictable property taxes wreaked havoc on the real estate market in many corners of the state, diminishing home values and forcing some people out of their homes. Today, Indiana’s business climate ranks eighth in the nation according to the nonpartisan Tax Foundation’s State Business Tax Climate Index. It’s easy to see how much revenue a state collects in taxes, but the index is intended to help taxpayers and policymakers rate how well their tax system is structured. The state ranks fourth overall for property taxes and tenth for sales tax. Even in a global economy, REALTORS® understand that some of our stiffest competition for economic development dollars isn’t from overseas, but from other states. The leadership in our Statehouse to create this tax climate has put us in a position of strength compared to our neighbors.
REALTORS® believe that passing the initiatives above will move Indiana forward and help the state build on the successes we have already achieved. As the General Assembly considers new priorities to help grow our communities into destinations for generations to come, we want to THANK YOU for your sound decisions and leadership that have helped the real estate industry emerge from unprecedented crisis. So, when you hear frustration from local governments about the “unintended consequences” of the property tax caps, remember that actual taxpayers have benefitted from real, measurable tax relief.
On behalf of taxpayers across the state, the more than 16,500 members of the Indiana Association of REALTORS® join together to express our gratitude to the Indiana General Assembly for enacting permanent property tax relief for homeowners and for holding the line against new sales taxes that would hurt the housing industry and jeopardize affordable homeownership in Indiana.
