INDIANAPOLIS — The Indiana Senate has given final approval to a proposal that would allow voters to decide whether property tax limits belong in the state constitution.
The plan had already cleared the Democrat-controlled House and the GOP-led Senate voted 35-15 for the proposal today. The voter referendum in November will mark the last phase in a process started after what many called a property tax crisis in 2007.
State law already limits property tax bills to 1 percent of homes’ assessed value, with 2 percent caps on rental property and 3 percent limits on business property. Voters will decide in a November referendum whether those limits should be amended into the constitution.
Supporters say the caps protect taxpayers, while opponents say they hurt local government.
