Indianapolis Area Real Estate Blog

Indianapolis Tax Estimator for Marion County

Here’s a little knowledge about the tax bills which will soon hit our mailboxes. Remember, you will receive a tax bill for the first half of 2007 in a few weeks, best estimates indicate November 10th. We then expect the last half of 2007 tax bill to come out in January. By May 2009, we should be back to normal ( whatever is normal for Marion County Taxes) and will be paying for the first half of 2008, due, May 10th.

In the meantime, check the estimated tax rate and dollar amounts at the Marion County Tax Estimator site. Here’s instructions for calculaing your estimated tax. The disclaimer is – the tax Estimator is a projection only and not a statement of true tax liability. This will give you an estimate of 2008, 2009, 2010 tax rates and dollars.

Click the link in the center to check prior tax bils for a particular property. There is also a link for information about deductions you may qualify for, but the link doesn’t work, so go here to find out about deductions.

 First, choose your area, this is a bit more complicated than it appears, especially for certains areas. To find out exactly what your tax district is, locate your property by clicking on the link in the middle to view prior year taxes or go here.

When you enter the information for your property, don’t be too specific – forget the streets and circles and boulevards; just use the basic; last name and address. When you receive your info – your results will show the tax district and assessed value, which you will need for the next step.  

Once you have the tax district and the assessed amount, enter any current deductions or expected deductions. Be sure to enter TOTAL assessed value (AV). Then you will receive the following data, which will provide you the estimated tax for 2008, 2009, and 2010.

Remember, the 2009 tax rate will go down to 1.5% of assessed value and the 2010 tax rate will go down to 1.0% of assessed value. The tax amounts assume no change in assessed value. I’m not sure how realistic that is, but the assumption sure looks good in print.

 This would also be a good time to remind you to file your exemptions, if you have not done so.

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