Posted by TomIn on December 16, 2018 at 12:03:33 from (23.118.149.246):
In Reply to: Indiana Property taxes posted by Geo-TH,In on December 15, 2018 at 07:04:10:
I can understand most everyone (including me) not liking to pay property taxes. Unfortunately, as long as the government (mostly schools in Indiana) continue to spend large sums of money, somebody has to pay the tab. The Indiana legislature recognized that high taxes rates for voters was very unpopular, so they decided to reduce the property tax burden for certain groups through the use of deductions, credits, and rate caps.
The most protected "class" of property is the taxpayers principal residence with may include up to one acre of land, a "home" (which can be a house, trailer, or just about anything else where a person chooses to live), and a garage. This is commonly referred to as residential property, but the tax protection extends only to the first acre of land, one "home" and one garage. Additional homes, garages, man caves, swimming pools, tennis courts, stables, ice rinks, etc. are not afforded the lower rates even if they are located on the same parcel as the owners principal residence.
If your goal is to minimize the percentage of assessed value that you pay in taxes, you can move to a taxing district that has lower tax rates or find a way to live with a single house and single garage. Neither option seems like what you want, but we don't always get what we want.
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