While aviation-related property is usually tax exempt, land the Columbus airport leases to developers is taxable, according to the Bartholomew County assessor.
The base rate for an acre of farmland is supposed to reach $2,000 by 2015. It was $500 in 2000.
The new facility is expected to create a little more than a thousand jobs by 2015 and have a $150 million economic impact on the state.
The property is up for tax sale next month as the county seeks to recoup back property taxes owed by the former owner.
The TASUS Corporation is getting a $2.2 million property tax break to incentivize growth. Some county council members say its not a good use of taxpayer money.
The budget hearings are scheduled to begin September 13th.
The old Monroe Oil building is along a section of the B-Line trail set to open this year.
Kokomo’s mayor says he’s seeing signs beyond the repayment of back property taxes that may indicate Chrysler’s new leadership may view Howard County favorably.
Howard County officials say a 10.4 million dollar check from Chrysler will help the city pay debt.
If approved, the bill would authorize cities to file bankruptcy.