(I'm working on selling this house in Clinton. I don't have it listed, I have buyers.. But the buyers are VERY concerned about the TAXES/ASSESSED VALUE...)
You're a HOMEOWNER? Make sure you HAVE your HOMESTEAD EXEMPTIONS in place! If you own and live in your home then you are entitled to it. There are other exemptions people may qualify for too. Go to the Court House -- specifically the AUDITORS OFFICE (In Vigo County go to the Annex at 1st and Oak).
AND HERE'S WHY....
The above pictured house is located in Clinton, Indiana.
Asking Price $69,900 - reasonable
Assessed Value $$159,800 ??? (Question the ASSESSOR.. on this one!)
Current Tax Bill $3,358 - What the? Who the? What the?
Now...DRUM ROLL PLEASE.... (Look what it's possible to be saving here....)
New Tax Bill with HOMESTEAD and MORTGAGE EXEMPTIONS are estimated to be between $500 and $650!!! SCORE!!
You're GOING TO SELL? MAKE SURE you have your property taxes in order. If you're trying to sell investment property -- know that you probably don't have a HOMESTEAD EXEMPTION and a buyer will have to assume a larger than normal tax burden for the first year. That COULD EASILY scare them off.. so DON'T BLAME THE REALTOR (Oh! But I know you never would...)
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