In 2003 the city's assessed valuation was $1.1 billion, which is probably the highest it had been, said Bob Swintz, CPA for Marion.
That decreased Marion's
assessed value, Swintz said.
"It's pinching everyone's pocketbook in Marion
," Butterworth said.
"I feel that Marion
is on the wrong path.
...Mary Jane Michalak, director of communications for the Indiana Department of Local Government Finance, said other cities in Indiana also have raised their property tax rates by at least 50 percent, but said the department hasn't kept track of exactly which cities have.
When it comes to how to hold a steady tax rate, Michalak
said "several cities have a policy of careful capitol budgeting and planning and managing debt wisely."
Then, economic revitalization for Marion
- which Lehman said is in its infancy stage - would happen.