McCormick comments on Commonsense Property Tax Relief Plan
Today, Indiana gubernatorial nominee Jennifer McCormick released her commonsense, responsible plan to provide property tax relief to every Hoosier, with targeted relief to those who need it most without cutting essential police, fire, and school services to Hoosiers.
“Many Hoosiers are struggling to keep up with rising property taxes driven by increased assessed values. Senior citizens, those on fixed incomes, veterans, and working families deserve relief,” said McCormick. “Our commonsense plan helps those feeling the pain of property taxes without raiding critical funding that supports our local communities, schools, libraries, police, and fire departments.”
The McCormick-Goodin Commonsense Property Tax Relief Plan is a multifaceted approach to put more money in Hoosiers’ pockets. The plan calls for capping the increase in property tax bills at 10%, increasing the homeowner property tax deduction by 40%, increasing personal exemptions by 150%, and increasing the renters tax deduction by 33%. These steps will ease the burden of rising property tax rates while creating time for a holistic look at Indiana government funding.
“Mike Braun’s plan is unserious, reckless, and fiscally irresponsible. Leave it to a D.C. politician like Mike Braun to promise tax cuts that won’t come out of the state budget or impact state spending,” added McCormick. “The state can provide property tax relief now for those who need it while finding a long term solution to address local funding needs. It is simply a question of budget priorities. As a State Representative, Mike Braun voted for higher property taxes1 when he had the chance to put Hoosiers first. I will always put Hoosiers first and support our local communities.”
