Here's an interesing tidbit from Mitch's "fact sheet" on property taxes:
Indiana ranked 8th for its 2000-2005 increases in per capita property taxes. During thesame time period, state property taxes subsidies doubled from
$1 billion to $2 billion
This is a time frame overwhich there was actually general deflation.
However, these were sectors that had very strong inflation, rates similar to those at which property taxes increased. Those sectors were college tuition and health care.
Now, what do Indiana property taxes, college tuition, and health care have in common? They're all heavily subsidized by government.
Buzzcut's tax plan eliminates the state subsidy to property taxes. No more homestead credit, no more PTRC.
Thursday, December 6, 2007
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