Does anyone have experience with the Indiana 1-2-3 Tax Cap rule?

[Matt Wells]

I learned this today and just double checking on biggerpockets to make sure it is true."Indiana uses the 1-2-3 Tax Cap rule. In a nutshell, Owner Occupied properties owe 1%, Non-Owner Occupied properties owe 2%, and Commercial properties owe 3% of the assessed property value each year."

I was entertaining the idea of investing in Indiana as an out of state investor, but this may deter me some.