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Paula Henry
"Indianapolis Realtor"
- 3 Helpful Answers
- 15 Answers
- 1 Listing
Locations:
Web sites:
Profile Link:
Experience:
Realtor Associate for Red Door Real Estate
January 2009—present
Realtor Associate for Corona, CA
February 2002—May 2004
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Specialties:
Web Marketing Expert
Short Sale Specialist ... show more
Short Sale Specialist ... show more
Certifications
& Awards:
& Awards:
GRI - Graduate Realtor Institute - Dec. 2002
ABR - Accredited Buyer Representative - Jan 2003 ... show more
ABR - Accredited Buyer Representative - Jan 2003 ... show more
Interests:
Real Estate, Reading, Walking, Family, Grandkids
About:
The Henry Group of professional Realtors at Red Door Real Estate make it our business to know the Indianapolis real estate market. Our clients deserve
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Testimonials:
"Our experience with Paula was exceptional on both selling and buying of our homes. Her professionalism and passion is unmatched. Paula was available at
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Paula Henry answered:
Angelo -
The answer depends on whether there are currently any exemptions filed on the home you are looking at. The taxes you describe seem high and I would say there are probably not any exemptions filed. If that is the case, then, yes, the taxes will go lower once you own the home and file exemptions.
On a property priced at $99,000, you would have exemptions of $48,000, therefore, only paying taxes on $51,000. However, you will not see the benefit of lower taxes for over a year. Since taxes in Indianapolis are paid in arrears. So, if you were to close today on this home and file your exemptions, you would not see a reduction in the taxes until 2009 taxes, payable in 2010. By then, the new tax cap will be in effect.
All property taxes will be affected by the cap. If the home is owner occupied the taxes for 2009, payable in 2010 will be capped at 1.5% of asssessd value. 2010 taxes, payable in 2011, will cap at 1% for owner occupied homes. By then your taxes would be about $1000. a year, assumng the assessed value is also $99,900.
The answer depends on whether there are currently any exemptions filed on the home you are looking at. The taxes you describe seem high and I would say there are probably not any exemptions filed. If that is the case, then, yes, the taxes will go lower once you own the home and file exemptions.
On a property priced at $99,000, you would have exemptions of $48,000, therefore, only paying taxes on $51,000. However, you will not see the benefit of lower taxes for over a year. Since taxes in Indianapolis are paid in arrears. So, if you were to close today on this home and file your exemptions, you would not see a reduction in the taxes until 2009 taxes, payable in 2010. By then, the new tax cap will be in effect.
All property taxes will be affected by the cap. If the home is owner occupied the taxes for 2009, payable in 2010 will be capped at 1.5% of asssessd value. 2010 taxes, payable in 2011, will cap at 1% for owner occupied homes. By then your taxes would be about $1000. a year, assumng the assessed value is also $99,900.
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