Officials discuss new property tax break in SJC, first of its kind in Indiana
ST. JOSEPH COUNTY, Ind.--- Many in St. Joseph County feel their property taxes are simply too high. With a housing shortage plus record growth coming to the county, the situation is only getting worse.
"One of the biggest concerns County Council heard from constituents is that their property taxes are too high," said Councilmember Amy Drake.
Drake and other county Republicans are pushing for eligible residents to apply for a temporary tax break available for anyone 55 or older who has lived in their home for at least 10 years. They must have a homestead exemption so that it couldn't go toward a rental property.
"The state heard your concerns too, and they gave local legislatures such as ourselves the ability to pass a temporary 3-year tax cut for people 55 and older," Drake said. "Only St. Joseph County fully took advantage of this program."
It would cap property tax increases at 2 percent over the next three years.
More than 7,000 people have applied for the break so far. The bill passed late last year, applications are open this year, and savings go into effect next year.
Drake said it was a bipartisan effort getting the bill passed--- it was a unanimous vote--- but sees this as a Republican victory.
"This tax legislation is truly a testament to the council's new republican leadership," she said. "This is the first time in memory that Republicans have held the majority on the council."
County Councilmember Randy Figg said there's already a tax deduction available for some 65 and older, if you already have that, don't apply for this tax break, it won't be as beneficial.
The application and more information can be found here.
There are two upcoming dates for the public to ask questions and learn more from their county representatives:
- Tax cut FAQ: Monday, Oct. 14 at 5:30 at the Francis Branch Library
- All-county sign-up: Saturday, Nov. 2 from 8 a.m. To 12 p.m. At the County-City Building 2nd floor lobby