Indiana Question on property taxes - wave3.com-Louisville News, Weather & Sports

Indiana Question on property taxes

INDIANA PUBLIC QUESTION # 1

"SHALL PROPERTY TAXES BE LIMITED FOR ALL CLASSES OF PROPERTY by amending the
Constitution of the State of Indiana to do the following: (1) Limit a taxpayer's annual property tax bill to the
following percentages of gross assessed value: (A) 1% for an owner-occupied primary residence (homestead);
(B) 2% for residential property, other than an owner-occupied primary residence, including apartment; (C) 2%
for agricultural land; (D) 3% for other real property; and (E) 3% for personal property. The above percentages
exclude any property taxes imposed after being approved by the voters in a referendum. (2) Specify that the
General Assembly may grant a property tax exemption in the form of a deduction or credit and exempt a mobile
home used as a primary residence to the same extent as real property?"

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