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He clarified for Blake that “personal,” personal property tax is not subject to tax. “A hundred years ago your T.V.’s, living room furniture, everything was taxable.
The Indiana Constitution of 1851 had a very broad idea of what should be taxed by the property tax. Basically: tax everything. It said the General Assembly must provide for the assessment and taxation ...
The ordinance provides a $100,000 exemption for taxes paid by businesses on personal property such as equipment, vehicles, computers, furnishings and supplies that they use in their operations.