dooleysm
Platinum Member
For years there's been a call for property tax reform in Indiana. A year or two ago they finally passed a 1% property tax cap (for individuals, I think business is capped at 2%). This was hailed as a great step in property tax reform and all the politicians patted themselves on the back.
Anyone with half a brain knew what was coming though, as they sure didn't cut any programs to offset the loss in revenue. The 1% cap did nothing to address assessments.
In that spirit, the assessed value of my 10 acres went up by 85% over the past year. I'm pretty well read in current events, better than the average American I'd guess, and I don't recall hearing ANYTHING about a major resurgance in real estate values in 2009/2010.
I was pretty upset until I talked to my dad. His 30+ acres that adjoins our 10 acres went up almost 1200%!
We're both planning to contest this assessment, anyone have any advice in this area?
Anyone with half a brain knew what was coming though, as they sure didn't cut any programs to offset the loss in revenue. The 1% cap did nothing to address assessments.
In that spirit, the assessed value of my 10 acres went up by 85% over the past year. I'm pretty well read in current events, better than the average American I'd guess, and I don't recall hearing ANYTHING about a major resurgance in real estate values in 2009/2010.
I was pretty upset until I talked to my dad. His 30+ acres that adjoins our 10 acres went up almost 1200%!
We're both planning to contest this assessment, anyone have any advice in this area?