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Gard Lauds Tax Reform Package
March 26, 2008 - It was a landmark day for property taxpayers in Indiana and for generations of Hoosiers to come, according to State Sen. Beverly Gard (R-Greenfield).
Gov. Mitch Daniels recently signed into law what many are calling the most significant property tax reform package in the history of the state. Gard joined fellow lawmakers from the Indiana Senate and House of Representatives in the Statehouse Rotunda for the signing ceremony.
“This law focuses on providing significant and permanent property tax relief for Hoosiers and will put money back into the pockets of homeowners, farmers and small businesses,” Gard said. “I believe this is the most significant step taken on behalf of taxpayers to protect affordable homeownership.”
Gard said the new law removes $1 billion in school and local government costs from property taxpayers — including farmers and businesses — while maintaining local control of schools. The law also places a 1 percent property tax cap on owner-occupied homes, 2 percent on other residential and agricultural properties and 3 percent on businesses to be phased in by 2010.
“Hoosiers statewide will see an average decrease of 27 percent on their 2008 property tax bills,” Gard said. “The new law will protect taxpayers from future increases in bills by controlling local government spending by requiring voter approval on all major government construction projects.”
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