INDIANAPOLIS -- Despite reservations, Republican Attorney General Steve Carter said Sunday he will likely approve new property tax assessment rules crafted by the administration of Democratic Gov. Frank O'Bannon.\nBut Carter expressed concerns about the legality of a provision in the rules designed to soften the expected shift in property tax burdens from businesses to homeowners.\nEven with that so-called shelter allowance provision, homeowners are expected to see an average increase in property taxes ranging from 6.5 percent to 15 percent.\nCarter, who said he expects approving the rules once the administration reviews his office's requested changes, criticized their reliance on the shelter allowance. He called it an "unproven legal concept."
O'Bannon is expected to formally sign the new rules in the next few weeks, ahead of the June 1 deadline.
