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Purdue Cooperative Extension Service On Local Government Indiana Property Tax Reform, 2008: Budgets, LOITs and Circui

Circuit Breakers. Tax Bill Limits by 2009Homesteads: 1.5% of Gross Assessed ValueOther Residential, Farm Land: 2.5% of Gross Assessed ValueOther Real and Personal Property: 3.5% of Gross Assessed ValueIf your house has an assessed value of $120,000 before deductions, you cannot pay a tax b

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Purdue Cooperative Extension Service On Local Government Indiana Property Tax Reform, 2008: Budgets, LOITs and Circui

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    1. Purdue Cooperative Extension Service On Local Government Indiana Property Tax Reform, 2008: Budgets, LOITs and Circuit Breaker Credits Larry DeBoer Purdue University June 26, 2008

    2. Circuit Breakers Tax Bill Limits by 2009 Homesteads: 1.5% of Gross Assessed Value Other Residential, Farm Land: 2.5% of Gross Assessed Value Other Real and Personal Property: 3.5% of Gross Assessed Value If your house has an assessed value of $120,000 before deductions, you cannot pay a tax bill of more than $1,800

    3. Circuit Breakers Tax Bill Limits by 2010 Homesteads: 1% of Gross Assessed Value Other Residential, Farm Land: 2% of Gross Assessed Value Other Real and Personal Property: 3% of Gross Assessed Value If your house has an assessed value of $120,000 before deductions, you cannot pay a tax bill of more than $1,200

    4. Estimated Impact of Indiana's New Tax Reform (HEA 1001) on Property Tax Payments, 2010

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