In-Depth Property Tax Reduction Bill Being Discussed in State Senate

      The first in-depth hearing into a bill geared towards lowering property taxes in Indiana happened on Tuesday.
      State Senators on the Senate Tax and Fiscal Policy Committee heard testimony from dozens of citizens, local leaders, and fellow lawmakers on what the impacts of the bill, as it’s currently written, may have.
Some lawmakers in both parties are concerned about how the cuts would affect Indiana’s municipal areas. In its current form, the measure would allow homeowners to either file for a 60% homestead deduction, or have their tax bill reset to 2021 levels. Many local governments fear they may have to make cuts to certain services if the bill is adopted.