The Monroe County Treasurer told the County Council, at last night’s regular meeting, that higher tax bills in the Ellettsville area are the result of two bonds issued by the Richland-Bean Blossom Community School Corporation. The district used the bonds to pay for construction projects in the high school and middle school.
According to the Treasurer’s office report, the debt has resulted in property tax increases of between $300-400 for many residents. As a result, many of the tax rates on homes in the Ellettsville area have now reached the constitutionally mandated 1% limit.
Treasurer Cathy Smith says the funds which should have been collected by RBB will have now have to come from other taxing units in that group… including Richland and Bean Blossom Townships and the City of Ellettsville.
“When people start hitting caps and their paying less than that, that money has to be made up someplace,” said Smith.
Third district county councilor Marty Hawk, whose district includes many of the areas affected by the bond issues, says she is concerned many people in her district will be unable to pay their tax bills.
“Folks who have entry level jobs; young folks just getting a fresh start. I doubt they will have the money on hand to pay these payments,” said Hawk.
In spite of an invitation from the county treasurer, no representatives from RBB were present at the meeting to discuss how the tax money has been used.
Chief Deputy Treasurer Steve Saulter says his office is reviewing more than 34-pages of properties which hit the tax cap. The majority of those properties are in the Ellettsville area.