Monday, September 23, 2013

Sun Commercial Reports Tax Caps Create Savings, but at What Cost?

From the Vincennes Sun-Commercial:

A study we read the other day from Ball State University's Center for Business and Economic Research pointed out that last year owners of Knox County properties saved almost $3.4 million in taxes because of the state tax caps.


Most of that savings, almost exactly half, went to the owners of commercial properties (businesses, including rental properties), with another $1 million saved by farmers (or at least those who own farm ground), with just over $650,000 saved by homeowners.


http://www.suncommercial.com/opinions/article_f9a953fc-231d-11e3-a4bc-0019bb2963f4.html