“Nothing is Certain Except for Death and Taxes…Unless You Have a Property Tax Exemption”
Indianapolis Bar Association Real Estate and Land Use News 02/06/19 Courtney S. Lynch
Below is an excerpt:
As 2019 opens, the season of property tax assessment begins anew. In Indiana, the annual assessment date for real property is January 1. Nearly a decade has passed since the Constitution of the State of Indiana was amended to install property tax caps, which went into effect for property taxes payable in 2012, and the dust seems to have settled on those issues in large part. But the landscape pertaining to exemptions from property tax continues to shift, both through statutory changes and case law. Whether a property qualifies for a property tax exemption is a question routinely asked in real estate transactions as developers and buyers explore options to reduce and budget for ongoing costs.