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December 11, 2020

2020 Tax Rates per Civil City

City Tax Rate Rank Bluffton Civil City  0.5508  1 Rising Sun Civil City 0.6009 2 Woodburn Civil City  0.6154 3 Greenwood Civil City  0.6558  4 Rensselaer Civil City  0.6683 5 Batesville Civil City  0.6941 6 Fishers Civil City 0.7115 7 Crown Point Civil City 0.7287 8 Lawrence Civil City 0.7449 9 Southport Civil City  0.7751 10 Westfield Civil City  0.7779 11 Carmel Civil City  0.7877 12 Loogootee Civil City  0.7979 13 Lebanon Civil City  0.8205 14 Jasper Civil City 0.845 15 Columbia City Civil City  0.8788 16 Bloomington Civil City 0.8978  17 Greenfield Civil City  0.9083 18 West Lafayette Civil City  0.9204  19 Rochester Civil City 1.0067  20 Auburn Civil City  1.024 21 Gas City Civil City  1.0395 22 Scottsburg […]
December 10, 2020

2020 Rainy Day Funds per Civil City

City Balance Rank Noblesville Civil City $15,964,656 1 Carmel Civil City $11,289,263 2 South Bend Civil City  $10,708,300 3 Elkhart Civil City  $9,550,664 4 Lafayette Civil City  $5,566,994 5 Columbus Civil City $4,955,085 6 Bloomington Civil City $4,856,668 7 Jeffersonville Civil City  $4,658,364 8 Franklin Civil City $4,390,090 9 Plymouth Civil City  $4,371,528 10 Valparaiso Civil City $4,315,169  11 Evansville Civil City $3,081,421 12 Westfield Civil City $3,003,180 13 Greenwood Civil City $2,551,842 14 Auburn Civil City  $2,388,800  15 Goshen Civil City $2,154,517 16 Fort Wayne Civil City  $2,085,218  17 Jasper Civil City  $2,024,274 18 Warsaw Civil City $1,805,154 19 Fishers Civil City $1,798,785 20 Vincennes Civil City  $1,731,577 21 Lebanon Civil City $1,722,761 22 Greenfield Civil City $1,541,581 23 […]
September 5, 2020

A Little Trick that Might Help You find More Money for your 2021 Budget

If you are starting to think about your 2021 budget, you might like to know a way to get a little more money. The Department of Local Government Finance provides Form 4b, which allows you to calculate the funds available for the coming year. One item you must take into account is the current year unspent appropriations (Line 2 on the old Form 4b and Line 5 on this year’s new Form 4b). That makes sense. Usually, if the money is appropriated to be spent this year, you should not use it for next year’s budget. However, most years, your township does not actually expend its full budget.  Now that we are half way through the 2020 budget year, you […]
September 5, 2020

Property Tax Shortfalls are Common, and There is a Way to Recover the Revenue!

Townships often do not receive the full amount of property tax revenue that was approved in the original budget. Always compare the amount received to the amount in the budget. You will often it is less. Some of the differences may be due to circuit breaker credits and delinquencies by taxpayers. There is not much you can do about those. But there are other causes, and your township may be able to recover the shortfalls. Property tax billing is not an exact science.  At the time property tax is billed in the spring, the County does not yet know the exact amount of assessed value.  That is in part because taxpayer appeals and other adjustments may occur after the billing. […]
September 5, 2020

Remember, Local Income Can Be Deposited Where It Is Needed.

Local Income Tax (LIT) can be deposited into any fund.  Most townships determine at the time of the annual budget how much LIT to allocate to each fund.  However, the trustee can change the allocation at any time.  Unlike property tax, which has to be deposited into the fund for which it was levied, LIT can be deposited into any fund at any time. If a fund is running short of cash, the trustee is empowered to begin depositing more LIT into that fund, and less into funds that don’t need it. We don’t recommend changing past LIT deposits that have already been recorded.  It is better to change the current month deposit and any future LIT deposits going forward. […]