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Board approves Kernan tax plan over GOP lawmaker's complaints (IN)
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| Contributor | Wabash |
| Last Edited | Wabash Jul 28, 2004 04:11pm |
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| Category | News |
| News Date | Wednesday, July 28, 2004 06:00:00 AM UTC0:0 |
| Description | INDIANAPOLIS (AP) -- A state board on Wednesday rubber-stamped Gov. Joe Kernan's plan to provide relief to some homeowners hit hard by the court-ordered reassessment, but a Republican lawmaker questioned the wisdom and legality of the move.
The Property Tax Replacement Board, whose three voting members are part of Kernan's Democratic administration, agreed to advance about $20 million to counties so they could offer a "circuit breaker" to those whose payable 2003 tax bills were more than 2 percent of their homes' assessed values.
Of 35,108 parcels the state has identified so far as being eligible, more than 31,000 are in Lake County. Most of the loan money - nearly $15 million - would go to Lake County, a Democratic stronghold where many homeowners were hit hard by reassessment and other tax factors. |
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