Could Land-Only Taxation Save Local Government in Indiana?

Could Land-Only Taxation Save Local Government in Indiana?

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This paper articulates a case for Indiana to exempt all non-land property from the taxable portion of the property tax base.This moves the state closer to a tax system that has great support among economists for its advantages in encouraging economic growth, progressivity, and reducing Wax Melts environmental damage from urban sprawl.Indiana might particularly benefit from a land only tax because of its unique system of property tax caps.

The merits of this approach hinge on driving a wedge between gross assessed value and net taxable value.Future empirical research is needed to Automotive Connectors determine the distributional impact that would result from such a policy change.