Extra Extra -Property Tax Rebate

Indiana General Assembly is considering give a rebate to property owners. That's right a rebate. How much is still up in the air. But a rebate after your house value has been increased does not sound like a good deal. Nor does the fact that the entire property tax bill must be paid at once to be eligible for a check in December.


Let's see the bill does not come out until July. That means it is already a four month delay. Sound like the legislators are trying to create an incentive for folks to even pay the property bill ASAP. Where will the legislators get the money for the rebate? According to the Nikki Kelly of the Journal-Gazette:

House Democrats and Senate Republicans are set on $300 million in relief for this year’s residential tax bills, which would bring an expected statewide average increase of 24 percent down to about 9 percent or 10 percent.

The cash infusion would come from a separate bill authorizing slot machines at the state’s two horse tracks but would be placed in the state budget

Sounds like the legislators are betting on the voters to think they are getting something for nothing.