isc7833, Home Buyer in Fort Wayne, IN

Do you think the property taxes are assessed correctly for San Pedro Dr.? Seems high tax to me.

Asked by isc7833, Fort Wayne, IN Wed Jul 4, 2012

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In May of 2013, the new, lower tax bill will come and your payment should go down at that time, significantly. You will also receive a refund from your escrow account due to overpayment of the artificially high taxes.

This is actually a benefit to the new homeowner due to the large proration at closing. As long as the borrower realized the higher payment will go down and the overpayment will come back to them, it is a win-win for the bororwer.
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0 votes Thank Flag Link Wed Jul 18, 2012
Rhonda is correct Without Mortgage or Homestead Exemptions the property is being taxed at 2% not the 1% as an owner occupied home
0 votes Thank Flag Link Thu Jul 5, 2012
It's owned by an investment co and there is no homestead exemption on it. It would be less if the exemptions were there.
0 votes Thank Flag Link Wed Jul 4, 2012
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