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Saturday, Nov. 28, 2015

Tax rates increasing

Monday, June 2, 2008

Tax rates for Clay County are in and, just like many other things, have gone up.

Assessed property values are also up in the county, totaling $916,221,010.

"The overall value is up about $7-$8 million from last year," Clay County Auditor Mary Jo Alumbaugh said. "I imagine that most of the increase has come from the jump in agricultural land prices from $880 to $1,100 per acre."

The county still needs to prepare the abstract taxes for the county. This is in anticipation of what the county believes it will collect in property taxes. It will then be sent to the state auditor for approval, which needs to take place before property tax bills are mailed to residents.

"We are still waiting for the state auditor to send us the information for us to enter," Alumbaugh said. "It is taking a little longer this year because with counties starting to use Local Option Income Taxes, there are more lines of information to input. So far, 17 counties is the state have imposed Local Option Income Taxes."

Once the abstract is approved, which is usually the day after it is submitted, the county will advertise the tax rates three times while preparing bills to go out.

"The first due date will be included when we advertise the rates and bills will be printed up during that time," Alumbaugh said. "So in essence, residents may receive their property tax bills before all of the advertisements have been completed."

Tax rates are up in all districts with Brazil City-Brazil Township having the highest at 3.1198 dollars per $100 of assessed value, and Washington Township has the lowest in the county with a gross tax rate of 2.0477.

However, the gross tax rate does not necessarily reflect the rate that residents will be taxed.

"To achieve the net tax rate on which residents' bills will be based on, you have to subtract out the Property Tax Replacement Credit and the Homestead Credit, if they have been approved for it," Alumbaugh said. "Also, for residential properties only, the General School rate, which is 0.6056 in most districts, also has to be subtracted out."

Lewis Township, which is the lone taxing district in Clay County that pays school taxes for the M.S.D. Shakamak School District, has a General School tax rate of 0.6991.

For example, a resident living in Sugar Ridge Township has a gross tax rate of 2.0629 this year. However, once you take out their PTRC (0.262969), Homestead credit (0.276926) and General School rate, their net tax rate is 0.917405, which is below the maximum collection percentage when the circuit breaker truly hits Clay County in 2010.

"The effect of the circuit breaker will be minimal on Clay County this year and next year," Alumbaugh said. "However, PTRC will be eliminated in 2010 and with the circuit breaker at 1 percent on residential property that year, the county will probably lose out on about $500,000 in property tax collection."

The circuit breaker, which sets a maximum percentage of a property's value that can be collected in taxes, is at 2 percent this year. This means that if a property has an assessed value of $100,000, the most that can be collected in property taxes is $2,000.

For questions about tax bills, rates or credits, contact the Clay County Auditor's Office at 812-448-9001.

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Okay, So we are going to raise the taxes in this already stricken county. Does this mean that the money will maybe actually go to fixing the crappy town streets and not just the ones passers by see from hwy 40? Or maybe even go toward repairing some of these county roads? If the county is desperate for some more money have they considered doing what ever necessary to try to attract new companies with decent paying wages for our MANY unemployed? And If we are gonna pay highter taxes how about letting the "out of city limits clay countians" receive a free library card. Or maybe there is just another small town politician wishing he was in the big lights who is needing a new swimming pool in his backyard. Yeah Right!

-- Posted by Carlas_35 on Tue, Jun 3, 2008, at 12:14 AM

You know we just went to this "Tax them based on the market value" system in Indiana. All I hear on the news is how property values are down. Doesn't bother me. I'm not selling. But, if we're taxed based on market value and the market value drops? Uh, shouldn't our taxes go down? Either somebody is lying or I'm an idiot. We've got to get these politicians out of our pockets. Either that or someone has to realize eventually that there is no law requiring the citizens to pay property taxes. Oh No! You say. Show me the law for private citizens. Does anyone know of the cases in California and other states where they assessed truly outrageous taxes on property then the owners refused to pay? The authorities tried to seize the property and lost in federal court. Not only do they not pay the outrageous taxes, they pay NOTHING. ...and the property is worth MILLIONS per acre (California coast line). The Constitution protects us but only if we use it. But, remember, I'm an idiot so check it out for yourself.

-- Posted by TheRider on Tue, Jun 3, 2008, at 1:43 PM

No one likes tax increases, especially those who farm for a living and need to have ground in order to make their living. Then there are those of us who do not have children in school, yet still pay dearly for the school system we should have built 25 years ago when the cost was a fraction of what we ended up paying.

It would be nice to see our tax dollars go for something useful and futureistic like a trade school or an industrial park that would not be taken up by one big company. Or what about some assistance for our struggling recreational facilities like the YMCA or Forest Park. Our politicians have already shown us that they are frivilious with our money. How many times do they need to fix a road before they decide to do the job right? Let's use our tax increases wisely by investing in our community's future and not just paying wages to politicians for lip service.

-- Posted by Keeping An Open Mind on Tue, Jun 3, 2008, at 1:47 PM

County roads being fixed, yes it happens, if you call throwing crushed rock into them fixing them then YEP! they sure get fixed!

-- Posted by BowlingGreenGuy on Tue, Jun 3, 2008, at 2:01 PM

The Auditor points out that farmers land is increasing from $880 to $1100 per acre. If homeowners have to pay property tax based on "fair market value", why not farmers. Try to buy any amount of farm ground for $1100 per acre. You might be able to buy some for $2800 to $3200 per acre. And how about a nice farm subsidy from the fereral government for a million dollars if you have 4 thousand acres. That sucking sound you hear is everyone moving out of the county. The little farmers are screwed like homeowners, but the big boys are raking it in.

-- Posted by ucantbserious on Wed, Jun 4, 2008, at 8:37 AM

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