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Updated almost 7 years ago,
Land value for taxes.
I'm looking for help in determining the value of the land of my Indianapolis rentals. In order to calculate my depreciation I need to subtract out the value of the land from the total cost of the property but I don't know where to get it from. it isn't listed on my property tax statement. is there a rule of thumb I could use? My rentals are in C class neighborhoods. One property is on North Capitol Ave. and all are similar to that one. Any suggestions are greatly appreciated.
Josh