It's happening in your state too!
Indiana has just passed along to the local property owner, one of the largest property tax increases in history. Meanwhile legislators are telling their constituents they kept their "no-tax pledge."
However, Indiana isn't alone. It appears that there are property tax revolts underway in many states due to this same phenomenon. It seems that states everywhere are not keeping up with state financial contributions to education.
"Almost every state is looking at some form of property-tax cap," says Myron Orfield, an expert on property taxes and a law professor at the University of Minnesota in Minneapolis. "It's a 'perfect storm' for property taxes: There are rapidly increasing home values while states are not keeping up with their contributions to school districts."