Republican Property Tax Plan No Good, Says Libertarian Candidate for Governor [Video]

STATEWIDE — The Republican property tax plan is no good, says the Libertarian candidate for Indiana governor.

Senator Mike Braun revealed his property tax plan Friday during an appearance on WIBC’s Kendall and Casey program. Braun, the Republican nominee for Indiana governor, has proposed 2-percent property tax caps on properties owned by senior citizens and low income Hoosiers and 3-percent caps for everyone else.

Libertarian candidate Donald Rainwater says Braun’s plan fails to address certain issues.

In a Friday press release, Rainwater claims Braun’s plan “does not eliminate the possibility of Hoosiers losing their homes to tax sales” and “does not stop the annual tax rate increases.”

Rainwater’s plan is to cap property taxes at 1-percent of the purchase price of the property for a maximum of 7 years. “Essentially converting the property tax to a sales tax on real estate transactions,” according to the press release.

Rainwater plans to further comment on Braun’s plan this …