(STATEHOUSE) March 10, 2009 - Rep. Jerry Torr (R-Carmel) today joined Gov. Mitch Daniels, other legislators and Indiana citizens in support of permanent property tax caps at a rally at the Statehouse.
Gov. Daniels urged the legislature to pass Senate Joint Resolution 1, which would make the current caps permanent.
"We gave our word to taxpayers, and I intend to keep that promise," said Rep. Torr. "Passing the resolution now will give voters the ability to decide in a referendum as soon as 2010."
Property tax caps set residential property taxes at 1 percent of the property's value, while farmland is capped at 2 percent and commercial property taxes are set at 3 percent.
The Indiana Senate has passed a resolution to make the caps part of the Indiana constitution. House Speaker Pat Bauer (D-South Bend) has not yet decided if the Indiana House will hear the legislation.
"This proposal will also benefit governments," said Rep. Torr. "With permanent caps, they'll know how much money they'll be receiving. It'll be in their best interest to consider consolidation and other measures to make their services more effective and streamlined."
The rally was held by the Hoosier Property Tax Alliance, which is composed of citizens and corporations who encourage property tax reform that that preserves and grows Indiana's economy, helps homeowners and is permanent. The group is also concerned with fairness and government accountability in property tax policy.
To drive home the point that property tax caps need to be considered now, House Republican Leader Brian Bosma (R-Indianapolis) has installed countdown clocks in his office and outside the House of Representatives chamber. The clocks count down the days, hours, minutes and seconds left until it's too late to pass SJR 1 in the 2009 session.