Indiana Property Taxes, Indiana Property Tax Appeals
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Indiana Property Tax Appeals
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Indiana House Value, Home Appraisal Market Value, Property Tax Appeal Comparable Sales Information
(Statisics compiled from Bureau of Economic Analysis, an agency of the U.S. Department of Commerce)
The population of Indiana in 2003 was 6,199,571. Its rank was 14th in the nation. (The District of Columbia is included for ranking purposes.)
PER CAPITA PERSONAL INCOME
In 2003 Indiana had a per capita personal income (PCPI) of $28,838. This PCPI ranked 34th in the United States and was 92 percent of the national average, $31,472. The 2003 PCPI reflected an increase of 3.1 percent from 2002. The 2002-2003 national change was 2.2 percent. In 1993 the PCPI of Indiana was $19,764 and ranked 28th in the United States. The 1993-2003 average annual growth rate of PCPI was 3.9 percent. The average annual growth rate for the nation was 4.0 percent.
TOTAL PERSONAL INCOME
In 2003 Indiana had a total personal income (TPI) of $178,786,119. This TPI ranked 16th in the United States. In 1993 the TPI of Indiana was $113,428,056 and ranked 16th in the United States. The 2003 TPI reflected an increase of 3.8 percent from 2002. The 2002-2003 national change was 3.2 percent. The 1993-2003 average annual growth rate of TPI was 4.7 percent. The average annual growth rate for the nation was 5.1 percent.
Indiana Home buyers want to know how much to offer for a house, sellers want to know how much to list a house for. Those seeking a property tax appeal want to know the market value of comparable homes in order to make adjustments to their home's worth. Variations in age, size, condition of the home, and other differences in amenities plus other factors weigh in on the overall market value of a home.
Indiana real estate agents can offer a CMA (Comparable Market Analysis) for houses in the area. This is a ball park figure. A more definitive figure is arrived at by obtaining an appraisal. A Home Market Value Appraisal gives a definitive value for the specific time frame in which the analysis was conducted. Prices range upward to $350.00 depending on the region in which you live.
Doing your own Home Market Value Appraisal is not rocket science. Investigating and doing it yourself will save you money and also give you an edge in negotiating. We suggest checking into the two options listed above (1) and (2).
If you desire to challenge your house property taxes and want to go the professional route, be prepared to open your wallet wide. Besides the appraisal fee, the appraiser will have to charge for a day's time at the municipal review. If you decide on hiring a professional mouthpiece, the attorney will not guarantee the result. You could lose the case and easily lose over a grand in the process. Again, we suggest checking into the two options listed above (1) and (2).
| Indiana Home Value Demographics | Indiana | USA |
Housing units, 2002 |
2,615,750 | 119,302,132 |
| Indiana Homeownership rate, 2000 |
71.4% | 66.2% |
| Housing units in multi-unit structures, percent, 2000 | 19.2% | 26.4% |
| Median value of owner-occupied housing units, 2000 | $94,300 | $119,600 |
| Indiana Households, 2000 | 2,336,306 | 105,480,101 |
| Persons per household, 2000 | 2.53 | 2.59 |
| Median household income, 1999 | $41,567 | $41,994 |
| Per capita money income, 1999 | $20,397 | $21,587 |
| Persons below poverty, percent, 1999 | 9.5% | 12.4% |
US Census Bureau
Regions of Indiana:
Chicagoland (includes the Chicago suburbs (Indiana) | Michiana | Nine-County Region | Southern Indiana
Largest Cities:
Anderson | Bloomington | Carmel | Columbus | Elkhart | Evansville | Fishers | Fort Wayne | Gary | Hammond | Indianapolis | Kokomo | Lafayette | Lawrence | Mishawaka | Muncie | New Albany | Richmond | South Bend | Terre Haute
Counties:
Adams | Allen | Bartholemew | Benton | Blackford | Boone | Brown | Carroll | Cass | Clark | Clay | Clinton | Crawford | Daviess | Dearborn | Decatur | De Kalb | Delaware | Dubois | Elkhart | Fayette | Floyd | Fountain | Franklin | Fulton | Gibson | Grant | Greene | Hamilton | Hancock | Harrison | Hendricks | Henry | Howard | Huntington | Jackson | Jasper | Jay | Jefferson | Jennings | Johnson | Knox | Kosciusko | Lagrange | Lake | LaPorte | Lawrence | Madison | Marion | Marshall | Martin | Miami | Monroe | Montgomery | Morgan | Newton | Noble | Ohio | Orange | Owen | Parke | Perry | Pike | Porter | Posey | Pulaski | Putnam | Randolph | Ripley | Rush | Saint Joseph | Scott | Shelby | Spencer | Starke | Steuben | Sullivan | Switzerland | Tippecanoe | Tipton | Union | Vanderburgh | Vermillion | Vigo | Wabash | Warren | Warrick | Washington | Wayne | Wells | White | Whitley
Indiana Speaker of the House Brian Bosma, R-Indianapolis, spoke to Dearborn County Commissioners. Indiana ranks, per capita, 50th in the country in managerial or professional employment, “49th or 50th” in the creation of new jobs, and ranks fifth in the country in bankruptcy declarations. Indiana also loses about 96,000 college graduates each year, said Bosma.
He emphasized the state needs to find ways to retain and attract young adults.
The other top priority this year, according to Bosma, in the state will be property taxes. Bosma said it was his prediction that because of the state of the budget, property taxes will rise this year about 8 percent, although he did not want to see that happen. Other sources of revenue need to be investigated, said Bosma.
State Rep. Bob Bischoff, D-Greendale said later the rise is likely to occur because of shifting costs from state to local governments. Bischoff also was not pleased about the possible hike in property tax rates. For complete actilce Indiana Property Taxes
Priests decry Lake property taxes Lawmakers urged to rectify injustice done to poor BY BILL DOLAN
The Gary Diocese's priests are denouncing the recent property tax reassessment as unfair to Lake County's poorest.
The Priests Council and Heartland Center issued a statement Thursday that the new property-tax structure unjustly burdens Gary, East Chicago, Hammond and Whiting residents.
"We hope this (statement) might have some influence on the General Assembly when this matter comes up in the next short session," The Rev. Thomas Gannon, the statement's author, said. For complete actilce Indiana Property Taxes
ANDERSON, Ind. (NLI) - Madison County is approving a residential property tax cut that could save some homeowners up to $200.
Madison County to cut property taxes Anderson City Council approved the cut in November. Just last week Elwood City Council unanimously voted for the cut. For more information click Indiana Property Tax Cut
House OKs 7 percent cut in property taxes for '06 Repeal of tax isn't likely to be law
"Replacing the $5.5 billion generated by the property tax would take a 7-percentage-point increase in the state sales tax (to a total of 13 percent) or a 5-percentage-point increase in the state's income tax (to more than 8 percent), Espich said. Or lawmakers could approve some combination of both.
Rep. Billy Bright, R-North Vernon, has signed a no-tax pledge. But he said yesterday that he would be willing to consider "replacement" taxes, as long as the property tax was going away.
"I think it's definitely the right way to go in the future," Bright said. "People are sick and tired of property taxes. They are immoral, in my opinion." For complete story click Indiana Property Taxes
Indiana Property Taxes, Indiana Property Tax Appeals
Property Taxes, House Values Directory For State Home Values
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