Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
×
Take Your Forum Experience
to the Next Level
Create a free account and join over 3 million investors sharing
their journeys and helping each other succeed.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
Already a member?  Login here
Tax, SDIRAs & Cost Segregation
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 4 years ago on . Most recent reply presented by

User Stats

5
Posts
0
Votes
Brandon Koser
  • Indianapolis, IN
0
Votes |
5
Posts

Indianapolis Veteran Tax Question

Brandon Koser
  • Indianapolis, IN
Posted

Sorry for the multitude of questions. Trying to understand Marion tax code as I just realized there MAY be a tax exemption available. 

Does an investor who is a veteran at 80% disability get any property tax deduction and if so how much? 

Does it require it to be a primary residence or can rental properties qualify? 

Is there a limit on the number of properties? 

If a property is placed into an LLC-S that is owned by the veteran does that still qualify for an exemption?

I doubt it, but could an exemption be applied retroactively? (One property was primary residence for a few years, so there's that too)

Thanks all

Most Popular Reply

User Stats

4,856
Posts
3,023
Votes
Mike D'Arrigo
  • Turn key provider
  • San Jose, CA
3,023
Votes |
4,856
Posts
Mike D'Arrigo
  • Turn key provider
  • San Jose, CA
Replied

@Brandon Koser Marion County has a tiered tax structure. It is 2% of assessed value for investment properties. They do have a homestead exemption but that is just for owner occupied. 

  • Mike D'Arrigo
  • Loading replies...