EVANSVILLE, Ind. (WFIE) – New tax cuts for Hoosier homeowners took effect on January 1.
Senate Enrolled Act 1 will lower property taxes by increasing property tax deductions, and homeowners are also eligible for a credit up to $300 on their bills.
“This senate bill was passed to make an effort to reduce people’s property taxes and to make it more affordable. And so I think that’s what we’re seeing here,” Michael Pitts, tax manager at Old National Wealth Management, said…