This is a great question. Thanks. I hope it stimulates conversation. As we all know Indiana has been all over the place with property taxes. The latest law now has owner-occ properties at 1% of assessed value. Now it has been my experience that assessed vs. appraised never matches or makes sense. I did not write these rules. They are what they are.
Since the state has just spent a bunch of money re-assessing the state I do not see them doing it again. My best advise is to look at your latest assessment mult. by 1% and hope it is something that you could manage.
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Have a great day!
Tony Grego - Indiana Mortgage Company... more