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Tractor Talk Discussion Forum

Re: indiana property taxes

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05-10-2013 16:06:37

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You must be the only one not aware of it

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05-10-2013 17:23:06

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 Re: indiana property taxes in reply to wgm, 05-10-2013 16:06:37  
so if you paid cash for and moved into a home that was apparently a former rental, you would have known to go fill out a form to get the homestead exemption? my daughter didn't. no one told her. i never looked at her bills of course, and it never occured to me to tell her anything. i don't remember doing anything to get the exemption on my house. it was just always there. the state automaticlly bills you at the RESIDENTIAL rate of 2% instead of the 1% HOMESTEAD rate.
like i said, poor communication by the state.

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05-12-2013 07:22:42

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 Re: indiana property taxes in reply to bobbyboywestcentIN, 05-10-2013 17:23:06  
The homestead exemption doe NOT automatically but your tax bill in half. It is up to a $45,000 deduction off you assessed valuation. And in my part of Indiana the counties do a pretty good job getting this kind of information out to taxpayers as I"m sure, was your county.

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05-12-2013 13:07:59

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 Re: indiana property taxes in reply to wgm, 05-12-2013 07:22:42  
that's right, up to 45,000 and then after they take off the deduction, they apply the 1% HOMESTEAD rate. seems like it would be fairly easy to communicate on the bill, at the top in bold black letters...IF YOU LIVE IN THIS HOUSE, CONTACT US AND FILE FOR THE HOMESTEAD EXEMPTION, WHICH WILL LOWER YOUR BILL. i'm sure this would get the point across much better than the big bold black letters they have printed on the current bills now. no where did i say it automatically cuts your bill in half. in my daughter's case though, it will be reduced by over half. we paid cash for a cheap little repo home for her and she pays us installments for it.

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05-12-2013 13:49:21

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 Re: indiana property taxes in reply to bobbyboywestcentIN, 05-12-2013 13:07:59  
and i still would like to here your answer to the question i asked you.

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05-12-2013 13:54:48

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 Re: indiana property taxes in reply to bobbyboywestcentIN, 05-12-2013 13:49:21  
"hear" i mean.

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