Clicclic

The massive property tax hike in Marion county has set in motion a serious problem that will mean the end of the successful rehabilitation of most center township neighborhoods. Watch old mansions that scraped by the white flight, became multi-units, returned to single-family become multi-units again. Just to cover the taxes!

Do yourself a favor - RESEARCH the property taxes of every area you're interested in. Real estate values have not declined enough/at all to reflect the absurd property tax hikes places like Broadripple, Meridian Kessler, Old Northside, Butler Tarkington, Williams Creek, Nora have experienced. Avoid these areas (I say with a sad face) because you will not be 'owning' anything - just renting from the state. Check out Fountain Square, Irvington, Holy Cross, Ransom District, Babe Denny, Little Flower, Garfield Park, New Augusta neighborhoods, which "got lucky" and avoided the absurd appreciation the state slapped on some of the nicer neighborhoods. Or just go out to the traffic jam suburbs and join the vinyl village crowd stuck in traffic all day. - Mon Apr 7 2008, 12:29