The Board of Zoning Appeals (BZA) is a five (5) person board enabled through state statute to grant variances from developmental standards, use variances, special exceptions, and administrative relief.
A CAFR (Comprehensive Annual Financial Report) is government's complete accounting of "Net Worth".
County Option Income Tax is the term commonly used to refer to a local option income tax that is designed primarily to provide revenue to local civil units. It may also be used to provide some property tax relief.
An Enterprise Zone is a specific geographic area targeted for economic revitalizing. Enterprise Zones encourage economic growth and investment in distressed areas by offering tax advantages and incentives to businesses locating within the zone boundaries.
Federal Insurance Contributions Act mandates that an employer withhold a set percentage of an employee’s salary each pay period. FICA also requires that the employer match the employee’s amount and contribute the money to a government account known as the Social Security Trust Fund. This fund provides retirement income, as well as disability insurance, Medicare, and benefits for survivors.
A Federal income tax is a tax levied on the financial income of people, corporations, or other legal entities. Various income tax systems exist, with varying degrees of tax incidence. Income taxation can be progressive, proportional, or regressive. When the tax is levied on the income of companies, it is often called a corporate tax, corporate income tax, or profit tax.
The Internal Revenue Service (IRS) is the United States federal government agency that collects taxes and enforces the internal revenue laws. It is an agency within the U.S. Dept of the treasury responsible for interpretation and application of Federal tax law.
The Indiana Public Employees’ Retirement Fund (PERF) is among the largest 100 pension funds in the United States. The fund serves the needs of more than 220,000 public employees and retirees representing more than 1,200 employers including public universities, school corporations, municipalities and state agencies.
Tax Increment Financing is a public financing method which has been used for redevelopment and community improvement projects in many countries including the United States for more than 50 years. With federal and state sources for redevelopment generally less available, TIF has become an often-used financing mechanism for municipalities.
The Deadline for Filing for Property Tax Deductions is the Last Business Day of the Year, Except for Geothermal, Solar, and Wind Turbines. THE DEADLINE FOR THOSE DEDUCTIONS IS DETERMINED BY THE ASSESSOR.
Mortgage Deduction: $3,000 Total Deduction, per taxpayer, from the Gross Assessed Value of the Property
Homestead Deduction: 60% deduction from the Gross Assessed Value, or $45,000.00 (whichever is less)
65 and Over Deduction: Lesser of 1/2 of the Gross Assessed Value of Property, or $12,480
65 and Over "CIRCUIT BREAKER" Credit: Prevents property tax liability from increasing more than 2% over the previous year's tax liability
Blind/Disabled Deduction: $12,480.00 Deduction from the Gross Assessed Value of Property
Disabled Veteran Deduction: Deduction amounts vary. Total assessment can not exceed $143,160.00
Geothermal/Solar/Wind Turbine Deduction: Check with the County Assessor for the filing deadline
The County Auditor shall maintain a list of all Property eligible for sale. Unless the Taxpayer pays to the County Treasurer all amounts due, the Delinquent Property will remain on list. For more information, see the Treasurer's Web site.
