Indianapolis Area Real Estate Blog

TAXING Times in Indianapolis – Property Taxes, That is!

An email on Friday revealed the answer to the question many have been asking. When will the tax bills go out? Today the Indianapolis Star confirmed the property tax bills for Hendricks County will be mailed out this week.

The time bomb – they will receive two bills; the spring bill and the fall bill will go out at the same time and all of 2008 taxes will have to be paid by November of this year. Johnson County residents will face the same fate. Marion County has not yet posted when they will have taxes certified for 2008.

Hendricks County Spring Bill is due 9/18/2009 and the fall bill is due 11/20/2009. Johnson Counties’ due dates are 9/10/2009 and 11/10/2009.

My search statistics prove homeowners are concerned about the tax issues. Search queries over the past few weeks indicate it is a hot topic. 3 of the top 5 searches on my Indianapolis Real Estate Blog are:

  • hendricks county property tax
  • indianapolis property tax
  • indianapolis property taxes

This is just for the last two weeks!

Other search queries in the last two weeks:

  • marion county indianapolis tax districts
  • property taxes in indianapolis
  • are indiana property taxes required to be paid through
  • hendricks county indiana real estate taxes
  • hendricks county property taxes
  • indiana marion county real estate taxes
  • indianapoli property taxes
  • indianapolis average property tax values
  • indianapolis property tax 2010
  • indianapolis real estate taxes
  • marion county indianapolis tax rate
  • marion county property tax estimator
  • marion county tax districts
  • mortgage exemption indianapolis property taxes
  • property taxes 46227
  • property taxes by address greenwood indiana
  • property taxes indianapolis in.
  • real estate taxes hendricks county indiana
  • real estate taxs in hendricks county indiana

Counties across Indiana are cash strapped with tax bills falling behind since the reassessment ordered in mid 2007; after all the bills do have to be paid and services provided.

Most homeowners are anticipating the news with trepidation. Now that they know they will have a full year of taxes due within the next three months, they have every right to be. I know – I know, the taxes had to be paid anyway, so we might as well get it over with. It’s not quite that easy for some people.

Since the tax fiasco started in July 2007, homeowners aren’t the only ones who can’t keep up with the status of taxes owed. Homeowners who have a mortgage generally have their taxes kept in reserve, to be paid when the bill is submitted to their lender. Trouble is, lenders don’t know that the C-bill that went out in 2008 was for 2006 and only a make up bill or the bill we paid in July was a reconciliation bill for 2007. They pay what is submitted and since they are only allowed to keep a certain percentage in reserve, they send the overage back to the homeowner. I wrote about this here a while back. My daughter received another credit for her taxes in June when the reconciliation bill went out.

Many homeowners have no clue exactly what the taxes are on their home or which year is currently due. They pay their mortgage and expect the money for taxes will be there when the tax bill comes in. If their mortgage company sent them a check for overages in their account and they didn’t stash it away for such a time as this, they will see a huge increase in their monthly payment.

So what happens to the payment of a homeowner who doesn’t have enough in reserves to pay a full years taxes in the next few months?

 

Discussion

#1 By Adriana at 1/26/2010 9:14 AM

I just had a question about the tax bill for Hendricks Co.
My tax bill paid 2008 for 2007 was about $1600.00 but when i got my mortgage payment it was over 400.00 more because of a shortage on our scrow acct.
I checked on Hendricks Co. web site and found out that taxes for my home in 2009 were $3500.00 that about $2000.00 increament... What can I do ?
I do have homestead exemption but it doesnt show anywhere.

#2 By Paula at 1/30/2010 5:18 AM

Adriana - I would check to make sure your homestead exemption was actually filed. It sounds like this may be the case, based on the increased amount. I would also verify the assessed value and make sure it is not inflated. If you have proof you filed your homestead exemption, but the exemption was not applied, you may receive a refund.

Post a Comment

Blog Archives

Posts By Category

All Categories Buyer Resources (59) Community News (37) Home and Family (36) Home Maintenance Tips (14) Homeowners (34) Homes for Sale | Listings (25) Indianapolis Things to Do (62) Indy Photo Spot (5) Lifestyle Communities (4) Local Indy (42) Market Statistics (87) Mortgage News and Info (49) Parks and Recreation (12) Random Thoughts (19) Real Estate News (73) Real Estate Terms (15) Relocation Tips (8) Seller Information (41) Upcoming Events (3)

Posts By Month

Blog Roll

Homes in Hendricks County
Grab Our RSS Feed
New Listing Alerts

Be one of the first to know when new listings matching your criteria hit the market.

Get New Listings
Relocation Guide

Find your next home and learn about neighborhoods, current market statistics, and local schools.

Free Relocation Guide
Free Market Analysis

Our free service provides you with a detailed estimate of your home's current market value.

Get a Free Market Analysis