But the cap’s critics think it cuts off a viable way for districts to pay for services for students.īoard member Shirley Deckard had no qualms about asking her fellow board members to let the issue go to voters. Supporters of the tax caps believe they offer much-needed relief to homeowners who have seen property values vary widely in the past. Wayne Township is the second largest district in the county behind Indianapolis Public Schools. Only Beech Grove’s 39 percent loss was bigger in Marion County, he said. If a home is assessed at 150,000, residents won’t pay more than $1,500 in taxes.īut those caps meant schools lost a primary source of money, so the state allowed school districts to go to local taxpayers to seek voter approval for extra money if they fell short. Wayne Township lost 37 percent of its property tax revenue when the tax caps went in place, Butts said.
With the caps now in place, homeowners can’t pay more than one percent of the total assessed value of their property in property taxes. In 2010, Indiana passed a bill to stabilize homeowners’ property taxes, known as tax caps. This is the first time the district has sough a referendum to increase its general fund, which mostly goes toward teacher and staff salaries.
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