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Study: Local taxes reduce property taxes

Study: Local taxes reduce property taxes - property taxes - Indiana - United States

INDIANAPOLIS (WISH) - A new study of Indiana taxes finds that Local Option Income Taxes are complicated and confusing, yet effective.

The Indiana Fiscal Policy Institute teamed up with the Indiana University Public Policy Institute to conduct the study. It found that the income taxes imposed almost 40 years ago led to a reduction in property taxes as planned.

"Our report finds that local option income taxes have been very successful in fulfilling their mission as they were first introduced in 1973 and took effect in 1974," said John Ketzenberger of the Fiscal Policy Institute.

Ninety-one of Indiana's 92 counties impose a local income tax. The only exception is Lake County.


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