Thursday, March 15, 2012

Governor Signs Property Tax Amnesty Bill into Law

From the Northwest Indiana Times:

"Gov. Mitch Daniels signed 32 bills into law Wednesday, including a measure allowing counties to offer a one-time amnesty to property owners behind on their tax bills.

House Enrolled Act 1090 permits counties to waive fees and interest added before 2012 as long as the back taxes are paid and current by July 1, 2013.

Counties can now also sell tax sale properties for 75 percent of their assessed value instead of requiring payment of all outstanding taxes and fees, which sometimes can exceed the value of the property.

The legislation was sponsored by state Reps. Mara Candelaria Reardon, D-Munster, and Ed Soliday, R-Valparaiso, and state Sens. Earline Rogers, D-Gary, Ed Charbonneau, R-Valparaiso, and Lonnie Randolph, D-East Chicago."


Read more: http://www.nwitimes.com/news/local/govt-and-politics/governor-signs-property-tax-amnesty-other-bills-into-law/article_8ac5c829-7eb7-5617-aad5-0d1a791318e5.html#ixzz1pEZ2Suwq