The Republican property tax plan is no good, says the Libertarian candidate for Indiana governor.
Senator Mike Braun revealed his property tax plan Friday during an appearance on WIBC’s Kendall and Casey program. Braun, the Republican nominee for Indiana governor, has proposed 2-percent property tax caps on properties owned by senior citizens and low income Hoosiers and 3-percent caps for everyone else.
Libertarian candidate Donald Rainwater says Braun’s plan fails to address certain issues.
In a Friday press release, Rainwater claims Braun’s plan “does not eliminate the possibility of Hoosiers losing their homes to tax sales” and “does not stop the annual tax rate increases.”
Rainwater’s plan is to cap property taxes at 1-percent of the purchase price of the property for a maximum of 7 years. “Essentially converting the property tax to a sales tax on real estate transactions,” according to the press release.
Rainwater plans to further comment on Braun’s plan this coming Monday.
Braun and Rainwater face Democrat Jennifer McCormick in November.
1 comment
What we’re dong now isn’t working…………..well except for govern flacks that spend the money. I think this plan is worth a try.
Last time the property tax scheme was changed the tax was supposed to be capped but that has proved to be a LIE. The last time we appealed we got comps for the county assessor from other property far away from ours and severely dissimilar.
It is all smoke and mirrors as government agencies spend and spend and spend. And especially in the schools the students get more money spend on them and performance never goes up. Don;t believe me, just observe any teen working in a store trying to make change without the register telling them what change is.