Higher property taxes in Indiana as a non owner occupied

[Guy Laclair]

Was looking at buying an investment property near Indianapolis and just discovered something huge. The property taxes are reduced for primary residence 3 different ways. 1. If you have a mortgage you get a tax break 2. Supplemental (not sure what that is for) 3. Homestead A property valued at $106,500 with all of it's tax reductions in place will be taxed as is the house value is $36,975. The tax rate is 0.025798. So a primary resident is taxed $909 while a non resident is taxed $2747. Time to move on.