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Local Homestead Credit vs. State-Controlled Homestead Deduction
Mayor Ballard proposed a bold, comprehensive plan aimed at making Indy a safer place to live and work. His plan addresses many of the challenges the City faces related to crime, including scholarships for early childhood education, a study of the impact of expulsions and dropouts later in school, sustainable funding to hire more IMPD officers, recovering illegally possessed guns, stiffer sentencing for gun criminals, better re-entry programs, changing Indy’s curfew laws, and much more.
Mayor Ballard’s proposed $25M pre-school scholarship program will be funded by the elimination of the local homestead credit. It is important to note this IS NOT the state-controlled homestead deduction. So what is the difference between the two?
What is the local homestead credit?
The local homestead credit is a subsidy that was created before the passage of the property tax caps to control property tax bills for all homeowners in the county. Every Marion County taxpayer, regardless of whether or not they own a home, supports the credit through their income tax. Prior to property tax caps, the credit was used as a way to stabilize property tax bills and prevent them from skyrocketing due to frequent, unpredictable swings in their home’s assessed value.
Now that state law provides this protection in the form of a 1% property tax cap for residential homes, the local homestead credit has become outdated. More than 80 Indiana counties and the State have already eliminated their local homestead credit. It’s time for Marion County to do the same.
How will the elimination impact Indy homeowners?
There will be no impact on the 46% of Indy homeowners who are already at the 1% property tax cap.
The average impact for Indy homeowners not at the 1% cap is $22 per year, or $1.84 per month.
This does not affect the $45,000 homestead deduction set by the State
What is the State-controlled homestead deduction?
The State-controlled homestead deduction is used to reduce individual homeowners’ State property tax liability. The deduction lowers a home’s assessed value by 60% or $45,000, whichever is less, for property tax purposes.
This is set by the State and will not be impacted by Mayor Ballard’s proposal.
For additional information regarding Mayor Ballard’s plan, including other Frequently Asked Questions, please click here.
Please join Mayor Greg Ballard, Public Safety Director Troy Riggs, and Deputy Mayor for Education Jason Kloth for a discussion on Mayor Ballard’s Early Education and Public Safety Initiative
Wednesday, August 20th
Southport Presbyterian Church
7525 McFarland Blvd.
On Monday Aug. 25, the Whispering Pines Board of Directors will have their annual homeowners meeting at 7pm at the Warren Education and Community Center located at 10th St at Post Rd.
Please mark your calendars and plan to attend. There is always lots of good and pertinent information at these meetings and a chance to share with the Board any concerns or comments you may have.
The Indiana State Fair is one of Indiana’s most treasured traditions. It brings Hoosiers together from all corners of the state to celebrate our history and our communities, and to partake in the occasional elephant ear.
It’s our tradition to offer Hoosiers half-price admission on myBMV.com Discount Day! On Wednesday, August 13, you, your family and your friends can be admitted for $5 each.
Print the myBMV.com Discount Day coupon, and bring it with you to the fair. Everyone can take advantage of this special offer, so be sure to send or forward this email to all of your family, friends and your neighbors.
During your visit to the fair, make sure to stop by the myBMV.com booth in the Expo Hall. Our team members can assist you with one of our many services available at our booth’s laptops or kiosks, such as renewing your registration or driver’s license. We can also answer your questions about BMV services.
If you haven’t done so already, sign up for online BMV services at myBMV.com. It is the fastest, easiest way to renew your plates or driver’s license, view your driver record or complete other business with the BMV.
IMPD East District 8th Annual Community Day
You are invited!!!
Wednesday July 9, 2014
Brookside Family Center
Olney/Brookside Parkway S. Dr.
3500 Brookside Pkwy S Dr
10am – 2pm
You are invited!
We will have our 4th of July parade this Friday at 10 AM. As usual, the fire truck will lead the parade which will start at the corner of Whispering Dr. and Whispering Way, at Dane Lantz house. Please encourage the children to participate and decorate their bikes with flags and red, white and blue colors. Adults are also invited. Let’s all celebrate the birthday of our nation!
Saturday, June 28, 2014
Cumberland Fun Day
10am – 2pm
10510 E. Washington
Come out for games, food, face painting, bicycle safety, and a basketball tournament! This is a free event. Flanner Buchanan has donated 70 bicycle helmets for the Town to give away to children. They have also provided a bicycle that will be raffled off. There will be a bicycle ride with the Cumberland Police Department and don’t forget to check out the Buck Creek Fire Department smoke house!
Irvington Garden Tour!
Where can one combine the beauty of eight lovely gardens with a variety of unique prewar homes? The Irvington Garden tour is the answer.
Sunday, June 29th, from 1:00 pm to 5:00 pm.
Tickets are just $10 each and a free plant will be offered with each ticket purchase.
Advance Tickets available 2 weeks before the tour from these 3 locations:
Antique Mall of Irvington: 5502 E. Washington Street
Bookmamas Inc.: 9 South Johnson Avenue
Habig Garden Center: 1105 N. Arlington Avenue
Tickets Available Day of the Tour from the following locations:
The Benton House: 312 S. Downey Avenue
Irvington United Methodist Church: 30 N. Audubon Road
CALL 356-5717 FOR MORE INFORMATION
Watch the World Cup!!! Join us at the World Cup Block Party
Mass Ave Watch Party Details:
Mass Ave will be closed to traffic from Park Ave to College Ave at 9:30am on July 1 for event setup.
Gates will open to general public at 2:00pm. Admission is free
Three 9’ x 12’ LED screens will be positioned in the area for people to watch the game. Cable service is being provided by Bright House Network.
Food trucks and beverage stations will be positioned along Mass Ave.
A designated Indy Eleven family area will feature an “Autograph Alley” with team members, inflatable games, and merchandise sales and promotional giveaway items.
Fans should bring their own chairs and blankets. Personal coolers will be permitted.
Visit the Indy Rezone website at: www.indyrezone.org
Check out the new zoning changes draft below. Tell us what you think!
I-70 Weekend Work Zone Update
EAST CENTRAL INDIANA The Indiana Department of Transportation (INDOT) reminds motorists to be alert for lane restrictions and crews working on Interstate 70 this weekend. Always practice safe driving habits in work zones. Follow speed limits, maintain safe distances from other vehicles and avoid all distractions including cell phones. Expect work zone restrictions and potential delays on I-70 in the following areas:
The westbound I-70 ramp to southbound I-465 on the east side of Indianapolis will be closed beginning Friday at 9 p.m. until Monday at 6 a.m.
The right lane of eastbound I-70 between State Road 9 (Exit 104 to Greenfield) and Mt. Comfort Rd. (Exit 96) will be restricted for a moving operation beginning Friday at 9 p.m. until about 11:30 p.m.
The left lane of westbound I-70 is diverted across the median between State Road 9 (Exit 104 to Greenfield) and Mt. Comfort Road (Exit 96). Eastbound and westbound lanes are shifted.
There will be a question/answer session with Mayor Ballard on Thursday June 12th, you are invited:
Questions & Answers with Mayor Ballard will be at
Community Hospital East
1500 N. Ritter Avenue
6:00 p.m. – 7:00 p.m.
Doors open at 5:30 p.m. (visit a city resource table)
Please RSVP to Karen Lightbourne at email@example.com or 833-4933
Guests are encouraged to park in the garage or in the front of the hospital and enter through the main entrance.
Because of the Memorial Holiday, the regular trash pick up for WP scheduled for Wednesday will be one day late.
A neighbor reports there was a break in last night:
“To all, we had a break-in at Ooley’s house either last night or early this morning. They entered through a window in the back of the house. We do not know what was taken because Ooley’s are on the way home now. This is the house at the corner of Whispering Way and Wayward Wind right across from Duell’s. A red car with two young men was noticed in the area yesterday but we do not know if it is in anyway related. They were parked at that corner for several minutes. Please put this on the tom toms so everyone will be alerted”
Looking at our Directory, the Ooley’s home’s address is: 10215 Wayward Wind Dr. and Steve Duell’s house is at 2364 Whispering Way, so now we have two vehicles to be on the look out: a white van with a Jeff Bridges look alike driver and a red car with tow youngsters.
Now that we are doing some Spring cleaning, it is good to know how to dispose of unwanted heavy items:
Each Indianapolis household may place a maximum of two (2) items of heavy trash out for collection each month. If your home is serviced by DPW crews, heavy trash is collected on a specific day each month. If your home is serviced by a private contractor, heavy trash can be placed by the curb once a month on any of your regular trash days. (Whispering Pines is serviced by Republic, a private contractor)
Acceptable heavy trash items:
• Household furnishings – couches, desks, tables, chairs, dressers.
•Appliances (without Freon-gas refrigerant) – stoves, water heaters, water softeners.
-Appliances containing Freon require special handling-
To have a Freon unit collected, empty and disable the appliance and set it out at the curb or alley where your trash is normally picked up. Call the MAC at 327-4622 to arrange pickup. Freon units do not count as part of the monthly two heavy trash items allotment.
•Disassembled bicycles and swing sets.
•Automobile/truck tires mounted on their rims/wheels.
•Lawnmowers – must be drained of all gas and oil.
Place all items on a stable surface. Be sure to secure and/or remove loose parts such as doors or trim. Items considered unacceptable for regular trash pickup are also unacceptable for heavy trash pickup. If legally unacceptable items are left for pickup, a DPW informational tag will notify you how to meet the pickup requirements.