Indiana is paving the way to stableize property valuation taxation here and in the rest of the U.S. State Legislators have finally listened to the the people and acted on legislation that will put a 1% cap on property taxes based on a property's value. This will keep the homeowner's tax bill reasonable, and it will keep prices from skyrocketing out of control as we have seen happen in California, Florida and other places. It will strike a healthy balance in the real estate market. And as we all know, a healthy balance is a good thing in everything that matters to us from relationships to family, work, etc.
For anyone reading this blog, I applaud you. I encourage you to keep an eye on your county and township spending. There as been too much abuse of fiscal power in these quiet sectors. Did you know that heretofore, townshps have been funded according to what they spend? Never mind if it is responsible spending, just spending. The only fiscal responsibility townships have had to maintain is to continue spending the same yearly amount so that respective budgets would be met plus 3% each year. It's time we all took a good look and follow the money trail. Stay tuned!
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