Tribune photo by Aaron Piper/ Seymour Community Schools Corp. could see a loss of as much as $483,889 in property tax revenue in 2015 due to a combination of residential property tax caps and a possible elimination of the business personal property tax. Much of the loss would be in transportation funding.
chools in Jackson County and across the state stand to lose tens of thousands of dollars in tax revenue in 2015.
A combination of residential property tax caps and the possible elimination of the business personal property tax would result in losses of about $803,000 total for the county’s four public school corporations, according to the Indiana Legislative Services Agency.
The property tax, or circuit breaker, caps were put into place several years ago by former Gov. Mitch Daniels so Hoosiers do not pay more than a fixed percentage of their property’s gross assessed value in property taxes.
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