Talk:Taxation in Indiana
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Corporate Welfare: Indiana Farmers and Corporations are not proportionally taxed.
[edit]Indiana's tax system is unfair in one regard causing disproportionate taxation of homeowners and wage earners. Indiana's property tax system caps farm ground assessment at about $1,290.00 per acre. In many cases this is 1/3 to 1/20th of the lands actual value. This in turn shifts the states tax burden on homeowners as the millage rate is then unfairly applied to a counties homeowners as the farm ground is not taxed at its true and actual assessed value. Largely farm communities in turn see a much higher county income tax rate.
Take Jay County a county by the Ohio border. It has a population of about 20,000. It is mainly comprised a farming. Land by the Ohio border regularly are sold for over $5000.00 per acre but are only taxed on a value of about $1290.00 per acre. Sometime around the beginning of every year the county decides what it need to operate. This is than divided against the counties total assessed value and we come to what is called a millage rate. This millage rate is then applied to each home owners market assessed value and the deflated and unrealistic value attributed to the farm. This combined with the 1% cap which benefits wealthier homeowners (often those same farmers). The county is then forced to adopt higher and higher county option income taxes and forcing an increasing share of the county tax burden on county wage earners. In Jay County the county tax rate is currently the 7th highest of Indiana's 92 counties. —Preceding unsigned comment added by 184.1.157.20 (talk) 22:17, 15 April 2010 (UTC)