Shipping container

Shipping containers aren't taxed in Vigo county. Second garage or any shed, pole barn is taxed at 3% assessed value. House is taxed at 1% of assessed value after deductions like homestead, mortgage exemption and possible more.

WeatherPort type structures aren't taxed either as they have no permanent foundations.They are considered temporary,portable.

Geo a lot of those "things" were not taxed near me but some towns started to do so and amended the laws. They also cracked down on no permits and so on to put them in.

I need permits for everything, including demolishing a building.

We have to have a permit for anything over $2,000.00 and you have to include labor even if you do it yourself. We also have to have a permit to tear someting down. So, if you have an old building that's falling down and is an eye sore, you have to get a permit. Guaranteed your taxes will go up next year.

Indiana likes taxes on everything if possible. They will charge you sales tax for the container unless you buy it off the internet.

In Terre Haute they added a 1% sales tax to food at restaurant.
Not sure what the added sales tax is at restaurant in Indy to pay for Lucas Stadium.

I feel like I'm TAXED ENOUGH ALREADY!!! My SS income was taxed at 25% before tax reform. Will ask my CPA what the new rate is when I see him in January.

All I have to say is find out what your taxes will be before you build anything.

Not sure what farmers pay in Indiana for pole barns to store equipment in.
Perhaps farmers can comment on their out buildings. I'm residential and have a 2 car attached garage at 1%. Any out building is taxed at 3%. Even a 8x10 shed on skids. I thought 3% was supposed to be a commercial rate, not so.

Crime has no particular zip code. I want a secure structor.
Friend with a 10 acre horse ranch doesn't live there yet, just his 3 horses. He left his pickup attached to a 14k dump trailer. He forgot to lock door one night only to discover someone jimmed his ignition and tried to steal truck and trailer.

The guy across the road, had his polaris UTV stolen a month after he bought it.

A guy close by had his Bobcat stolen.

Knock on wood, I've yet to have anyone break in house or garages in 41 years. My truck has 3 large tool boxes on it. I never park it outside. Those tool boxes are like a sign saying "ROB ME NOW I HAVE TOOLS INSIDE."

You live in Otter Creek Township in the sanitary district, so your 2018 tax rate was 2.1822%

The $1528 taxes you paid this year was based on the 2017 assessed value of $146,200. Of this, $119,100 was considered homestead residential. (Your house, attached garage, an lot.) You got a $45,000 homestead deduction, a $25,935 supplemental homestead deduction, and a $3000 mortgage deduction. This left a net assessment of $45,165 and taxes of $986.


Your other improvements (second house/garage and two sheds) had an assessed vale of $27,100 for a tax of $591. However, this portion was subject to a 2% cap for rental and other residential property. This brought the tax due down to $542.


The total of $986 for your main house and $542 for your ???? made your total tax bill $1528.


Your total assessment for 2018 is $152,000. The amount that your tax bill will change will depend on what rates are approved for 2019 pay taxes.


Your latest (2018) assessment shows a 109% "market adjustment". This means that the assessed value of a new building will be 109% of the calculated cost. I don't know whether the figures you got from the county included this adjustment or not.

A guy i know down south bought 2 shipping containers, hired a crane to lift them over his house in the backyard in a town that doesnt allow it. Had them all fixed up nice inside with a bathroom etc with a nice patio in between them. I told him that the city will deal with him later. He says that what are they going to do make me move them? I said they can and probably will. No one tells him what to do. Well in the end the city told him they will fine him a $1000 dollars a day until they are removed. He got the crane back as soon as they could get there. LOL

In a residential area, will your neighbors be OK with shipping containers being stored next to their properties?

George In have been think hard about using two HI cube shipping containers with trusses across them for additional storage. I would buy the cheaper ones with damaged or missing doors. Then install over head doors instead of the swing doors. Then put a wall on the back of the center section with the front open. I could store mowers smaller tractors in the containers and anything in the center section. I am looking at 48 foot containers set 31 feet apart. So you use a 32 foot truss and rafter the section over the container. The back wall would be concrete peers with regular wood structure on top of them. The total cost is under $13K. I would end up with a building 48 ft. long and 47 ft. wide. The peers are actually floor beams for hog barns. They are 12"x12"x 10'. I would set the containers on the same peers. This would make the center section be about 9 ft. to the square.

The picture I found that looks like it has the containers setting flat on the ground. What am talking about would have the containers setting higher. I would make gravel ramps up to the doors. What I like is the container sections would be pretty secure. The center section would work well to park my gooseneck trailers under.

geo : I have one I got out of a place in cinn,oh for 2800.00 delivered and the guy put in place for me. I was thinking of doing the what jd seller showed as it would be a good place to put haybine and hay wagons under.

Your numbers are very close to what Assessor told me yesterday. So you are saying to look for a 9% tax increase? OUCH! Just something to look forward too when I get my tax bill.

JD,
Not sure if my Building inspector would issue a permit for using 2 shipping containers to make a barn. If they did, I would have to give a receipt of total cost of construction plus labor to the assessors office. Then pay 3%. If I did all the work myself, the auditor would put a value on my labor and I would still pay 3%.

You got to love TAXES? I'm thinking I won't pay any more taxes, I'll just start getting rid of some of my toys and better organize what I have in my 4 garages.

I got permits to remove 3 structures. Next year I got my tax bill, structures were still there. I called them, gave them permit number and they removed them from my taxes. I would have been fined if I hadn't got permits. My Taxes did go down.

I've seen a couple of "farms to be" setup like that. Fast, cheap protection which you can wall in later and make a shop and since you are a part time farmer getting started and living in town, you can lock up what you don't want sprouting legs and walking off.

You just proved you can't fight City Hall. You are going to lose.

Yup, i tried telling him, but i get to laugh now.

Piles of those things in my area,guess because we're close Baltimore and Hampton Roads ports,they are real good for storage.

My mistake I thought this was a thread about Cummins engines in Dodge pickups.....

I wonder if my insurance company would insure it and if the building inspector will approve it. My insurance company is very particular and wanted me to fix a few things I didn't even know needed fixed. No plans to change insurance companies. They did pay off when I had wind damage to 5 buildings. No depreciation on shingles either. I Only pay my deductible.

Some are saying Indiana Farm bureau won't insure shingles more than 15 years old and they also depreciate shingles too.

Geo- I am really glad I do not live in your government controlled state. Do you have any rights?

George,

Your assessed value increased from $146,200 (2017 assessment/2018 pay) to $152,000 (2018 assessment/2019 pay). It is likely that your taxes will go up, but the amount of change depends on what the tax rate will be. Remember that the taxes you pay on your lot and your "main" home are calculated based on the net assessed value and the local tax rate. The taxes you pay on the garage with an attached apartment are based on the 2% property tax cap rate. The 2018 assessment figures were before you combined your two lots, and I don't know what effect this will have.

The 9% I mentioned is a another of the complications in the Indiana property tax appraisal system. I will do my best to explain.

Prior to about 15 years ago (I forget the exact year) assessed value of improvements (buildings) was the depreciated replacement value. This means the cost to build a substantially similar building - less a reduction for the affects of aging. This often meant that owners of older homes paid far less property tax than owners of newer homes with the same market value. Someone filed a lawsuit and the courts decided that this system was unconstitutional. The courts required the state to change their assessments to market value.

It isn't practical (because of the time and cost involved) to appraise every building every year. In lieu of this, the state adopted a plan that used the existing data that had been collected and created a formula to "convert" the depreciated replacement values into market values. They did this by requiring all sales of property to be reported and a data base was created. Every year they total the "market value sales" (they ignore the sales where a parent deeds his house to a relative for a small sum and forced foreclosure sales) in a given neighborhood. The total value of building sold is calculated by subtracting the total of assessed values of the land from the total of the sales. They then divide the total of the sales prices of buildings by the total of the assessed values of the buildings. The result is the "market value adjustment". For your neighborhood, this is 109%. This means that every building in your neighborhood will be assessed at 109% of it's depreciated replacement cost. If you build a new building, it will be assessed at 109% of the cost (using the cost tables I mentioned in another post).

Whether this system is fair is a whole different discussion. In my opinion, the system is reasonable if all the buildings in the neighborhood are of similar character and age AND IF THE ASSESSOR'S INFORMATION IS CORRECT. Quite often this isn't the case.