A way around higher property taxes in Indianapolis?

[Dahl Salmon]

Just found out property taxes are twice as much for investment properties than then are for owner occupied in Indianapolis. If I were to move to Indianapolis and buy a home as a primary residence, live in it for at least a year, and then potentially start renting it out, would I have to start paying twice the property taxes? Or would I have the lower property tax rate locked in?

[Deonte Brown]

In most, if not all, municipalities across America, the property taxes for investment properties are higher. This is due to the Homestead exemption that is placed on owner-occupant properties. The homestead exemption is a tax break for owner-occupant homes. Therefore, when you move out of a house and turn it into an investment property, you should contact your assessor and update your property tax classification. Failing to do so can be viewed as a criminal offense.

Send me a private message; I may be able to help you get your taxes reduced.