Tax cap summary
•Homesteads made up 40 percent of the tax savings – $9.8 million

•Non-homestead residences made up 57 percent of the savings – $14.1 million

•Commercial and business property made up 1 percent of the savings – $274,691

•Credit for property owners 65 and older made up 2 percent of the savings – $446,893

•Total effect of the caps – $24.6 million

Fewer than a quarter of Allen County homeowners benefited from property tax caps that took full effect this year, leaving the bulk of homeowners facing a tax increase, the county auditor’s office said.

Property tax bills began arriving this week and reflect the first full year of the caps, which limit homeowners’ tax bills to 1 percent of a home’s assessed value.