Kokomo Tribune; Kokomo, Indiana

Local News

April 30, 2014

State error cuts most Tipton property tax bills in half

Error by state cuts many property tax bills in half

(Continued)

“They essentially get assistance in three different directions,” he said. “Next year, I anticipate the Wildcat Township levy will be restored. Most likely the schools will have levies in their capital projects fund. There also will be some relief still from the LOIT.”

Tipton County collected $8.45 million in property taxes in the spring of 2013 and $8.57 million in the fall. The county’s net assessed valuation increased from $822 million for 2012 taxes payable in 2013 to $852 million for 2013 taxes payable in 2014.

The first installment of property taxes for residents are due on May 12, while the second installment and any other delinquent payments are due on Nov. 10.

Martin Slagter can be reached at 765-454-8570, martin.slagter@kokomotribune.com or on Twitter @slagterm.

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