Indiana taxes rental properties at 2x the rate of a personal house and rentals have no mortgage exemptions, homestead exemptions making the actual taxes about 4x.
Now for another catch 22. I can only have one garage on my property. My pole barn is a second garage. It is taxes at commercial rates, 3x. The taxes on my house are very close to the taxes on my new 30x40 pole barn. If I include my basement, my house is more than 2x the square footage of my pole barn. Keep in mind I get a homestead exemption, a mortgage exemption by just having a home equity line of credit which I don't have to use and for tax purposes my house was built in 1942. In 1991-96 I doubled the size of the house. However back when I added on the age of my house goes back to 1942. That's a good tax advantage.
You got to love Indiana's property taxes.
BTW, I did 95% of remodeling this house. I have very little help. This is my first and last brick job.
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