Credit for High end Home Owners Imposed by the State of Indiana

Those homeowners should be happy with the circuit breaker rule. The reason why because the state know the greed of the local officials and will only allow two percent of the value of your expensive home. What does this mean? It means the local government will have to be conscious of the two percent cap. From the IDLGF website

The circuit breaker provides property owners with a credit for any amount of taxes over 2 percent. For example, the maximum amount of property taxes a homeowner would pay on a $100,000 house would be $2,000. In this example, the credit limits the tax liability for the property to the 2 percent cap of $2,000.

The impact the Circuit Breaker may have on local governments and taxpayers will not be fully known until the annual adjustments of assessed values are completed later this year. With the new assessed values, counties and the state will be better able to fully calculate the impact of the Circuit Breaker.

But warning, these same local official could increase your tax rate to met the two percent cap. Oh my cooking the book is such a fun game to play with the tax payers.

Positive Liberty

I requested writers and so far have not received any responses. However, Positive Liberty has a carnival of citizens by Jason Kuznicki blogging this morning on religion and state.

Credo writes on Barack Obama and Illinois’ segregationist history at Fort Wayne African-American Independent Woman. I’ve often seen the claim that there need to be more local-interest blogs, and that we could learn many interesting things from citizen-journalists with an eye to local events. This is just one example of what I hope will be a trend in that direction.

Media Shuttle presents a list of bloggers.

Investing in your political future

In this morning paper:

Steve Shine, local Republican chairman, said the Democrats may have won some township seats, but the Republican money was well-spent in locking up every countywide elected office. Read more click here

“Being able to raise a quarter-million dollars as a party shows the public has faith, confidence and a commitment to our political organization,” he said. “People believe in our moderate-to-conservative philosophy.”

More than 10 percent of the Republicans’ total earnings came from Ronda Hanning of Fort Wayne that included $27,696 of in-kind and cash donations. The party also received numerous donations from elected officials and candidates, including $11,565 from Sheriff Ken Fries’ campaign account, $9,200 from County Commissioner Linda Bloom’s campaign account and $9,490 from county Prosecutor Karen Richards’ campaign account.