From the Grant County Chronicle-Tribune:
A countywide drop in assessed property values last year has led to higher tax rates this year — and could continue to hurt the local economy in the future, experts say.
The “Comprehensive Assessed Value Report” released by the Indiana Department of Local Government and Finance last month shows drops in several types in assessed values, or AVs, in Grant County from the 2011-2012 tax year to the 2012-2013 tax year. Assessments made in 2012 affected 2013 tax payments.
http://www.chronicle-tribune.com/news/property-values-hurt-taxes/article_de72bbb2-3f85-11e3-a688-001a4bcf887a.html
Despite levying more property taxes this year, Grant County’s local governments lost out on even more.
A report released by the Indiana Office of Fiscal and Management Analysis last month shows that, in total countywide, levies increased by 6 percent compared to last year, while the amount of levies that could not be collected due to tax caps increased by 6.9 percent.
http://www.chronicle-tribune.com/news/tax-caps-hitting-harder/article_240213f4-3ebd-11e3-8ba1-0019bb2963f4.html
