If a property is owned by an individual and they live there, the state offers a homestead exception. If it is their primary property and they have a mortgage they also maybe eligible for a mortgage exception.
Should they pay the house off, the mortgage exception will drop off. If the property is owned by a bank , they do not qualify for those exemptions so it would show no exemption. If the property is not a person's primary home, such as an investment property or vacation home, Normally there are no exceptions available and they are taxed at a higher rate. Please call me if you have further questions.
Matt Huffman 765-524-4985 or MattH@crossroadsre.com... more
It is no longer easy to obtain a permit for a mobile home in Henry County. My suggestion is to look into the requirments to see if the buyer is willing to go to the trouble to obtain at best a tempory permit. A better solution would be to look at real estate with in-law quarters or two units.... more