Our property tax plan aims to provide property tax stability and relief to all Hoosier homeowners, allow seniors to stay in their homes, and protect local services like police and fire protection.
Eric Doden will work with the Indiana General Assembly to implement the Hoosier Property Tax Relief Fund to allow Hoosier seniors to freeze their property tax payment levels and defer payment of any increase in property taxes owed until the eventual sale of their home.
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ICYMI - Indiana Capital Chronicle: Doden gubernatorial proposal aims to freeze property taxes for seniors
A new gubernatorial proposal from hopeful Eric Doden takes aim at property taxes for senior Hoosiers, as unveiled in his most recent ad released on Thursday.
Doden, a businessman from Fort Wayne, pointed to the sharp percent increase in property taxes in recent years as home prices surged during the COVID-19 pandemic. According to an analysis by the Association of Indiana Counties and Policy Analytics, the gross assessed value of homes jumped 16.5% on average between 2022 and 2023 and property taxes increased by 18.2% on average.
“Let’s rein in property taxes and cap them for seniors. So they can stay in their own homes where they belong. That’s good for everyone, except the career politicians,” Doden said in the ad. “They’ve proven they can’t fix the problem, but I will.”
Legislators have tweaked the formula used to calculate property taxes in back-to-back sessions, but struggle to balance the interests of homeowners against the funding needs of local government units like schools.
The gubernatorial proposal from Doden zeroes in on seniors, who often live on fixed incomes and struggle to keep up with rising costs. He suggested creating a property tax relief fund for “eligible Hoosier seniors, a criteria he said would be crafted with the help of the General Assembly.
