Share |

Taxing units will see cut of $247,675

 

LaGrange County taxing units will see cuts of $247,675 in tax revenues this year due to the statewide constitutional rule put into effect that says a homestead residential property cannot be taxed at more than 1 percent of assessed value, rental property, farmland and long-term care facilities at more than 2 percent of assessed value, and non-residential (commercial and industrial) land and structures or personal property at more than 3 percent of assessed value.

This is the first year that the county has seen much, if any, effect of this law. No taxing units were exempt from the cut.

The Town of LaGrange will see the largest dollar cut, losing $57,965. Others in order of loss are:

·        Topeka – $42,397

·        Westview School Corp. – $39,310

·        Lakeland School Corp. – $35,604

·        LaGrange County – $36,837

·        Shipshewana – $20,084

·        Wolcottville – $7,242

·        LaGrange County Library – $5,603

·        Prairie Heights Comm. Schools – $1,358

·        Solid Waste District – $,1,275

Townships were negatively affected as follows:

·        Bloomfield – $1,859

·        Johnson – $135

·        Lima – $89

·        Eden – $87

·        Clay – $62

·        Milford – $54

·        Clearspring – $146

·        Newbury – $31

·        VanBuren – $20

·        Springfield – $17

·        Greenfield – $16

The effect of this lesser amount of tax money will mean that local units of government will not receive these funds, nor will they be able to raise that tax money in any other way. Budgets must simply be cut by these additional amounts.

Although not large in most cases, some amount to as much as a single employee or more. As one person said, “Lesser money means lesser people means lesser services.”