Property tax reform in Indiana took a blow Tuesday night as House Joint Resolution 1, the bill containing constitutional property tax caps for homeowners, rental properties and businesses, was not heard.
"This marks a truly sad day for taxpaying Hoosiers," said Rep. Rich McClain. "As an advocate for permanent property tax relief, I believe strongly in the caps contained within HJR 1. The constitutional limits on property taxes constitute an indispensable element of reform. As the session moves forward, I truly hope to work in a bipartisan manner to provide permanent relief for Hoosier property taxpayers."
HJR 1 would have amended the Indiana Constitution to cap property taxes for homestead properties at 1 percent, rental properties at 2 percent and commercial properties at 3 percent. House Bill 1001, the property tax reform package, passed the House last week by a 93-1 vote, and HJR 1 was set to ensure that property tax cuts remained permanent.