Daniels Announces Property Tax Plan

Governor Mitch Daniels proposed a plan last night that his administration says would lower homeowner property tax bills by about one-third on average statewide. Some replacement revenue would come from raising the sales tax from 6 percent to 7 percent. The plan would also cap homeowner property taxes at one percent of the value of the home, eliminate elected assessors and require referendums for big school and government projects. Daniels wants lawmakers to set the limits by law at first and then amend them into the state constitution so they are harder to undo. Democratic House Speaker Patrick Bauer says he has some concerns with Daniels’ plan but praised the governor for proposing it well in advance of the next legislative session. Read more about the governor's plan on his Web site.