Tippecanoe County tax caps pack one huge wallop, more than $4.3 million

The impact of property tax caps that took full effect this year will cost Tippecanoe County taxing units roughly $1.8 million more than what was initially predicted.

That's good news for taxpayers, who will see lower tax bills arrive in the mail this week. But the revenue caps are a challenge for local officials, who will have to provide services with less revenue than they expected to receive.