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11.22.09 - Debate over property tax caps continues

Last week marked the official start of the 2010 legislative session in the Indiana General Assembly. Tuesday was "Organization Day," the official start of the legislature. While mostly a ceremonial day, legislators wasted no time staking positions on several priority issues - one of which are the caps on property taxes.

The property tax caps began to phase in this year and move to their full amount next year at 1 percent of assessed value for residential property, 2 percent for rental property and 3 percent for businesses. The intent though is to make those changes permanent.

Debate over tax caps