Taxpayers File Suit Against State of Indiana for Unfair Assessments

Indiana has always been a state with a boring, but predicatable, rate of home value appreciation, traditionally hovering at about five to six percent annually. That was before the Inventory Tax was abolished and property taxes soared.

According to information from WTHR tv in Indianapolis and local and national media, as well as firsthand accounts from homeowners, things have come to a head. A down housing market, poor school funding and rising property taxes have homeowners seeing red.

All over town, signs are sprouting on lawns that note This Home for Sale Due To Unfair Property Taxes. While this may seem like an odd sales technique, it makes the point.

Homeowners have had enough. They don't want to be squeezed by soaring taxes, especially since many homes in comparable neighborhoods have vastly different tax rates. They've had enough and are filing suit against the state, questioning the constitutionality of the state property tax system. The suit was file Thursday, September sixth.