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The Jordan Love Era Begins
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<blockquote data-quote="Pokerbrat2000" data-source="post: 1035035" data-attributes="member: 7261"><p>While I can't say that I know a lot about how Indiana taxes home/land owners, the little I just read about it, makes me think that it is pretty crazy with the cap rules. Which <strong>limits the amount of property taxes to 1% of property values for homesteads (owner-occupied), 2% for other residential property and farmland, and 3% for all other property</strong>. This is basically a capped system favoring wealthy people. So maybe that is why you are seeing increases every year, you are helping to pay their "fare share". </p><p></p><p>Even with that though, if the assessed value of your home is rising, it's actual market value is probably rising too. So you should feel good about your growing investment, maybe higher taxes, but more money when you sell. <img src="/styles/default/xenforo/smilies/wink.png" class="smilie" loading="lazy" alt=";)" title="Wink ;)" data-shortname=";)" /></p></blockquote><p></p>
[QUOTE="Pokerbrat2000, post: 1035035, member: 7261"] While I can't say that I know a lot about how Indiana taxes home/land owners, the little I just read about it, makes me think that it is pretty crazy with the cap rules. Which [B]limits the amount of property taxes to 1% of property values for homesteads (owner-occupied), 2% for other residential property and farmland, and 3% for all other property[/B]. This is basically a capped system favoring wealthy people. So maybe that is why you are seeing increases every year, you are helping to pay their "fare share". Even with that though, if the assessed value of your home is rising, it's actual market value is probably rising too. So you should feel good about your growing investment, maybe higher taxes, but more money when you sell. ;) [/QUOTE]
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