property tax

In a statement on social media, Braun called the legislation “historic tax relief” that benefits nearly every Hoosier.

Markay Winston, superintendent for the Monroe County Community School Corporation, said to prepare for less funding, she is working on a two-year plan to achieve financial balance.

Senate Bill 1 provides $1.4 billion in property tax relief for homeowners over the next three years. Farmland owners save roughly $140 million over the same period.

Indiana House Republicans have proposed splitting local property tax revenue between traditional public school districts and charter schools as part of a broader tax relief plan.

Some public school parents said voucher expansion places school choice above traditional public schools that teach about 90 percent of Indiana students.

Thompson's proposal could reduce the property taxes homeowners pay by more than $200 million a year statewide.

Braun continues to stress that he wants broad tax relief, despite how much it’s expected to cost local governments and schools.

The fight over Senate Bill 518 highlights a broader question: how to equitably fund all students, regardless of the type of public school they attend.

This week the committee will roll out several senate bills addressing property taxes, including Senate Bill 6, a deferral program. Under the bill, a taxpayer could defer from one hundred dollars up to five hundred dollars per year from their tax bill.

Democratic gubernatorial candidate Jennifer McCormick's tax relief plan uses proposals authored by Republicans and Democrats in the legislature.