Extension service planning property tax system workshop

Purdue Extension will hold a workshop for anyone interested any learning about the state’s property tax system and exploring trends in local and regional property tax data.

It’s set for 1 to 3:30 p.m. Jan. 29 at the Community Foundation of Jackson County, 107 Community Drive, Seymour.

Local government officials, community leaders and interested residents from Bartholomew, Brown, Jackson, Jennings, Lawrence, Scott and Washington are invited to attend.

In Indiana, each local government unit sets its property tax levy — or what it intends to collect through property taxes — based on its budget and other revenue sources. The levy is then divided by the assessed value in the local government’s jurisdiction to get a property tax rate.

Every property parcel is served by a set of local governments — a county, a township, a school district and perhaps a city or town, a library or special districts. The tax rates of these overlapping government units are added up to the total tax rate a taxpayer sees on their tax bill.

Tax bills are then capped at 1% for homesteads, 2% for farmland/other residential and 3% for all other property. The caps provide a tax break for property owners but create a revenue loss for local governments.

The loss of taxes through these tax cap credits is then shared by the overlapping units. Each unit’s revenue depends on the actions of the other units, so often, local officials from one unit may not see or understand how they fit into the complete property tax system nor do they usually have the opportunity to compare their data to others in the region or of similar population.

The median property tax rate in Indiana in 2019 was $2.15 per $100 net assessed value. Of the counties covered in the workshop, two have average tax rates below the state median — Brown and Jackson.

Not surprisingly, they also have two of three highest per capita assessed value in the region at $86,081 and $47,707, respectively. Assessed values in Jennings, Lawrence, Scott and Washington counties are among the lowest 25% in the state — all under $35,000 per capita.

The workshop will dive deeper into these numbers and take a look at the variations within each of these counties.

To register, call Purdue Extension Jackson County at 812-358-6101, email Heather VonDielingen at [email protected] or visit cdext.purdue.edu. Registration is due by Jan. 27.

If the workshop is canceled due to weather, it will be rescheduled for Feb. 5. Registrants will be notified by email or phone call if it is necessary to cancel.

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What: Workshop for local leaders to learn about Indiana’s property tax system and explore trends in local and regional property tax data

When: 1 to 3:30 p.m. Jan. 29

Where: Community Foundation of Jackson County, 107 Community Drive, Seymour

Who: Local government officials, community leaders and interested residents from Bartholomew, Brown, Jackson, Jennings, Lawrence, Scott and Washington are invited to attend

Register: Call Purdue Extension Jackson County at 812-358-6101, email Heather VonDielingen at [email protected] or visit cdext.purdue.edu; registration is due by Jan. 27

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