How to Reduce Indiana Property Tax Bill
Indiana local government often uses property taxes to manage different services and sponsor local projects in the community. Even though these services are beneficial to homeowners, many still wish they can pay less than the amount they are currently.
Property tax levels vary from state to state. Paying off your mortgage won’t put an end to tax bills. One major factor that determines property tax in Indiana is the value of a property.
Here are some ways to reduce your Indiana property taxes.
· Reschedule structural changes
Making structural changes such as a kitchen revamp or bathroom renovation will help you boost its value. However, it can also increase your tax bill if care isn’t taken.
It’s advisable to exercise patience when an assessment session is around the corner. You can also add permanent fixtures to your home anytime. Consider getting in touch with the tax department to know how a new addition will affect your property tax.
A structural change can be expensive but improving the curb appeal may be a cost-effective option. Nevertheless, wait until the assessment is over before delving into the latter.
· Take a tour with the assessor
It’s the responsibility of the assessor to estimate the value of your property by visiting your home. Don’t leave the assessor to explore your home alone. This is because they may only take note of the good points while ignoring the deficiencies.
Taking this step is the key to having an unbiased valuation of your home. Avoid the mistake of not granting the assessor into your home once they arrive as this could attract a higher tax bill.
· Do your due diligence
You can also have access to information about other properties around you at the assessor’s office. It’s likely to discover some mistakes when you compare your neighbors’ details with yours.
· Request a copy of your property card
Homeowners can get a copy of their property cards from the town hall in Indiana. This card contains information that the municipality has collected about your property. Inform the assessor immediately if you notice any mistake while reviewing the information.
Discrepancies are quite common, and officials have no option other than to make amends. The solution may involve carrying out another evaluation of your property.
· Check whether you qualify for an exception
It’s possible to qualify for an exception even if you’re not running a government or religious organization. Agric property owners, veterans, homesteaders, and seniors often pay lower tax bills in Indiana and some states. Check whether you’re eligible to save money on your property tax bill.
· Consider filing a tax appeal
In case you’ve tried all the suggestions above, but you’re unable to get a lower bill, don’t lose hope yet. The next thing is to file a tax appeal that involves an affordable fee. Your best bet is to bring your lawyer on board at this stage.
Your attorney will guide you and cross-check the necessary information. Prepare the details of your property in advance because the assessor will ask you to present them during the process. You will likely wait for some months before the board will send feedback.