Posted by Geo-TH,In on January 15, 2017 at 12:35:12 from (172.78.18.102):
In Reply to: Your home...... posted by onefarmer on January 15, 2017 at 06:26:16:
Indiana property taxes tiers. You are allowed one homestead at 1%. Not sure how many acres that covers or buildings. If you own more than one property, 2%. So rental properties, farm land are 2%. If you own a commercial property, 3%. The percents are based upon appraised value, which I feel in my cases is very close to actual market value. By son just bought a new house in a new subdivision. He will pay 1% based on what he paid for house. No tax review board will reverse that decision. So when you buy a new house, you will know exactly what you pay in taxes.
Insurance companies want more than tax appraisals, and they tell me if I don't go along with what they think I stand to have a problem collecting. Forget exactly why, but I do what insurance company says. They have never had a issue paying off, more of an issue getting the coverage I want and getting insurance co to cover commercial property.
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