County Council eyes drop in revenue due to tax caps

Bartholomew County Council is already facing bad news before the council begins its budget hearings next week. County auditor Barb Hackman said that tax caps will have almost twice the impact next year as they did this year, cutting revenues to county coffers. Hackman explains:

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The tax caps only allow property to be taxed at rates of one, two or three-percent of assessed value, depending on the type of property. The final impact won’t be known until the assessed values are finalized.

The council begins its 2017 budget hearings on Tuesday.