Indianapolis Property Taxes
The property assessment and tax system in Indianapolis is in dire need of an overhaul.
This is a sign in front of many homes I have seen all over the city this weekend, while out showing homes.
I noticed something I find very disturbing. I'm not sure if it was the areas of town I was showing homes in or if it is an actual happening.
These signs were apparent in many of the revitalized areas of Indianapolis. I thought it rather odd. As a city and as homeowners, we take great pride in the revitalized districts around town.
It has taken many years to makes these neighborhoods what they are today. To think all the work accomplished could be undone by the current tax situation is disturbing.
I am an advocate of property tax reform and the cause of Advance America.
Paula Henry is an Indianapolis Realtor with RE/MAX Connection, serving the needs of homeowners in Indianapolis, Speedway, Hendricks County, Zionsville, Carmel and Eagle Creek. When you're ready to buy or sell your home, you want an agent with a plan for helping you attain your dreams and goals. Contact Paula for your Indianapolis real estate needs and experience the P3 Advantage
Serving the residential real estate needs of homeowners in Indianapolis, Wayne Township, Speedway and Eagle Creek and the Hendricks County Towns of Avon, Plainfield and Brownsburg.
Homes and Lifestyles at Home-A-Rama
Do I Know You? Opening Doors For Strangers!
A Picture’s Worth A Thousand Words When Selling Your Indianapolis Home
Hendricks County Real Estate Market Update~May 2007
Brownsburg Real Estate Market Report~May 2007
Avon Indiana Real Estate Market Update~May 2007
Indianapolis Real Estate-Wayne Township Homes-Avon Creek Estates
Indianapolis Real Estate-Wayne Township Homes-West Wayne Woods
ActiveRain Corp. is not responsible for the accuracy of the site's content (which is written by members of the ActiveRain Real Estate Network) and does not endorse the views of the real estate agents, mortgage brokers, and others listed here.
Powered by the ActiveRain Real Estate Network
© 2008 ActiveRain Corp. All Rights Reserved
Hi Paula, Property taxes are hurting many cities right now and it is a shame...then they try to pass it on to the small business owners. (atleast here they are trying) I hope Indianapolis gets their reform very soon!
What's the "Bart lies" in the sign mean? Our property taxes doubled over the last couple of years.
Stephanie - If I remember correctly, Texas does have high property tax and no income tax. Is that correct? Here in Indy, we have both, plus they are also seeking to increase the income tax. It is really a mess. the assessments went out with some people having a huge increase and the neighbor across the street, almost nothing. Here, they are giving the breaks to the businesses, which hurts the homeowners.
Sally - The city went to trending and have trended past the point of anyone being happy. It's a crazy mess here with taxes and people are upset with the Mayor, that would be Bart Petersen.
You're in a tough dilemma! I hope the signs disappear and a solution comes soon!
Paula, did I hear you say tax reform? Yes we need something overhauled, that is very apparent. I just commented on your previous post on the FSBO signs. I think the people in Indy have finally gotten our Mayors attention, along with the Governor as well. Now we wait and see where we go with our taxes. I have a feeling we will still see a hike, but surely not in the same manor as we did a few weeks ago. It was interesting that we over here in Marion County had to wait to even get our bill, and then to find the numbers attached, being out of wack. Hang in there, keep us posted on your end, (no pun intended) LOL.
Paula, I love it when the community gathers to get the message out. Too bad it is happening in a area that has just gone through revitalization.
Susie - The governor has ordered a stay on property taxes at last years rate and given homeowners until August 10th to pay. They will reassess, which will take about 8 months and who knows how much money.
Bob - My broker started a petition drive for an amendment on the ballot to repeal property taxes. These things take time and the ballot also states the need for an emergency session to address the issues we have with property taxes in Indianapolis.
I really didn't think too much would happen in regards to the demonstrations and outcry from the public and am happy the Governor has intervened for now. I hope this is not just another band aid attempt to fiix the problem. Oh, this is getting too long......I should edit the post to include the Governors actions.
Missy - It has been interesting to see the demonstrations and activity, like these signs, produce results. For now, they are temporary fixes which need to be addressed.
There are many in the city who believe the revitalized areas should have a tax increase. For many years the taxes were based on the last sales price, then a few years ago the city started trending to increase tax revenue. The problem I have with tax computation here, is the lack of a systematic approach.
Paula - don't know how I missed this the first time - thanks for sharing timely Indy tax info - great job