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.

[Mark Plesha]

@Matt Wells I live and invest in northwest IN and what you stated is correct. The good thing is taxes are extremely low to begin with in most places in the state that it is still an extremely viable market. I pay just under $5k a year in taxes on one of my properties, but I'm still cash flowing well and the property has appreciated far above inflation the past 3 years. I can't speak for all of the state, but NWI is a great place to invest. Hope this helps.