Circuit Breaker Amended

by Nick Molnar on May 1, 2007

The Indiana legislature has modified the much debated property tax “circuit breaker.” From the South Bend Tribune:

The new property tax bill retains the cap at 2 percent for owner-occupied residential properties, but lifts it to 3 percent for all other properties.

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victor marquis June 6, 2007 at 11:57 pm

even at 2% property tax is a rip off but 3% is out rageous. I cant buy a house fix it up and rent it out and earn money the good old fashon way with good investments and hard work. I cant find renters that can pay the increased costs of your tax. Last year I paid 4000 dollars in taxes for a house I had to sell due to SouthBends high property taxes. this was nearly 3000 dollars a year for a 85000 dollar house in rever park. This nothing more than robbery and if you politicans dont do something about I will run for govener on the stand of eliminating property taxes and boot your a** out of office.

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