"I am proud of my colleagues for putting away political differences and acting in Hoosier taxpayers' best interest by voting to pass constitutional property tax caps through the House," Rep. Smith said. "I expect the Senate to pass this legislation fairly quickly, ultimately giving Hoosiers an opportunity to have their voices heard by voting on this measure in November. It is my goal for Hoosiers to never again play guessing games with their property tax bills because they'll have the guarantee of knowing their bill will never exceed the 1-2-3 percent caps."
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.