2010 Tax Cap Credits - Townships and Excluded Cities

Continuing with the tax cap credits information provided to me by Marion County Treasurer, Mike Rodman, and Administrative Deputy, Cindy Land, today we look at the Township governments as well as the larger Excluded Cities and Towns in Marion County.

The levy figures noted below come from the Indiana Department of Local Government Finance's 2010 Revised Certified Budget Order for Marion County.

	LEVY	Circuit Breaker Credit	%
Township Government
Center	$2,783,421	$264,379	9.5%
Decatur	5,474,087	671,084	12.3%
Franklin	8,982,379	2,200,978	24.5%
Lawrence	11,941,055	663,857	5.6%
Perry	346,557	12,757	3.7%
Pike	16,544,673	330,986	2.0%
Warren	276,097	11,612	4.2%
Washington	700,060	32,685	4.7%
Wayne	19,258,286	2,539,176	13.2%
Excluded Cities & Towns
Lawrence	$8,923,358	$440,173	4.9%
Beech Grove	5,576,089	1,565,259	28.1%
Southport	185,826	3,252	1.8%
Speedway	5,219,915	53,829	1.0%
Clermont	481,471	83,313	17.3%
Cumberland	912,369	169,300	18.6%
Homecroft	75,132	1,183	1.6%
Meridian Hills	165,871	1,500	0.9%

It should be noted that these levies may not be the entire amount of tax money that these units receive. In the case of the Township governments, I do believe that is the case, but I could not find a quick reference with that information posted. So, these figures show only the effect of the property tax caps on the property tax revenue each taxing unit obtains.

The levies for Center, Perry, Warren and Washington Townships are lower because IFD handles their fire protection and is a separate taxing unit. For reference, the Indianapolis Fire Special Service taxing unit saw $2.9 million circuit breaker credit impact on its levy of $53.9 million - amounting to a 5.4% impact.

As with the overall Township information posted yesterday, Franklin Township government stands out, followed by Wayne and Decatur. Beech Grove, which spills into 4 Townships, saw the greatest impact from the tax caps on the revenue it gets from property taxes.