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Published 34 months ago
A new Town Hall Acquisition Renovation Project was one of the main topics at the Thursday night Town Board meeting. If maxed at a cost of $4.5 million dollars property taxes would increase about 8 percent. This would be in addition to the levy... more
A new Town Hall Acquisition Renovation Project was one of the main topics at the Thursday night Town Board meeting. If maxed at a cost of $4.5 million dollars property taxes would increase about 8 percent. This would be in addition to the levy involving the building of the new school here in Pendleton. Also discussed was the "Circuit Breaking Tax Limiting Law" which limits the amount of property tax that can be levied against home owners. Circuit breaker is a new state law that will limit property taxes to 2 percent of a homeowner’s assessed property value starting with taxes owed in 2008. It will apply to all types of property, real and personal property, by 2010. It’s a law some officials say must be changed in the 2007 session of the Indiana General Assembly or local services will suffer. less
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