GREENSBURG, IN — Greensburg City officials removed a public hearing on a proposed re-set of the property tax levy from Tuesday night’s city council agenda.
As a result, the public hearing and discussion were canceled.
A proposal to re-set the levy from .443 cents to 5 cents per $100 of assessed value was originally on the agenda.
But after numerous inquiries from taxpayers and discussions with the city’s financial analysts Reedy Financial and Council, the item was removed from the meeting agenda.
Hours before the council meeting, Mayor Joshua Marsh issued the following statement:
“In recent discussions with Reedy Financial, we had the chance to review the Cumulative Capital Fund and its tax implications for the people of Greensburg. Managing our growth and demand for amenities requires fiscal responsibility, which is why the City hired Reedy Financial to provide us with financial counsel so we can make reasonable decisions. The Cumulative Capital Fund or the associated rate is not new to the City- it is something that we have had for decades, and was last assessed around 2016. Reedy informed us that the tax associated with the Cumulative Capital Fund does not rise past a certain percentage point, even when our assessed value rises- it is capped by the State at a very low percentage. Raising that tax would have a minimal impact- $00.0057 per $100 of assessed value a year. However, even knowing the price would be small, and after discussions with our analysts and the Council, we have removed the public hearing from the Council’s agenda. It might be appropriate or even necessary in future years, but not at this time.”
At Tuesday night’s meeting, Marsh addressed citizens’ concerns about the city levying property assessments. He said the Decatur County Assessor determines property assessments and not the city.
