Constitutional Property Tax Caps Pass House,
Advance to Senate
STATEHOUSE- Representative Ralph M. Foley (R-Martinsville) released the following statement today in response to the passage of HJR1, the constitutional amendment to permanently cap homeowner's property taxes. The measure passed the House by a vote of 75 to 23.
"I am pleased HJR1 has passed with the majority of the House's support. I have supported permanent property tax caps and will continue to do so. Hopefully, with the quick support of the Senate, Hoosier voters will be able to decide if they want property tax caps amended into the state constitution in November and receive the protection homeowners and taxpayers rightfully deserve. "
In response to the property tax crisis that homeowners experienced in 2007, the Indiana General Assembly passed legislation in 2008 that capped homeowner's property taxes at one percent, rental and agricultural property at two percent and business property at three percent. The bill passed with an 82-17 vote in the House and 41-6 vote in the Senate.
House Republicans pledged to add this reform to the Indiana State Constitution. In order for a new provision to be added to the state constitution, it must be passed by two separately elected General Assemblies as well as the public before it can be amended to the constitution. In the 2010 legislative session, House Republicans look forward to supporting HJR 1 and giving Hoosier voters the opportunity to decide whether permanent property tax caps should be added to the state constitution.
If the constitutional amendment to permanently cap property taxes passes both chambers of the Indiana General Assembly during the 2010 legislative session, Hoosiers will be able to vote on this issue in the November 2010 election.