Property Tax help

[James Zobrisky]

I currently own a property I am renting in zip code 46256 and I have noticed significant property tax increases. This is my first rental property and I just received notice my county tax has increased from $1,534 in October 2024 to $3,019 as of April 2025, increasing my monthly payments $429. As this will significantly cut into my cash flow, is this something I should look into? Is it common for property taxes to increase this much? Any help, advice would be greatly appreciated.

[John Clark]

Quote from @James Zobrisky:

I currently own a property I am renting in zip code 46256 and I have noticed significant property tax increases. This is my first rental property and I just received notice my county tax has increased from $1,534 in October 2024 to $3,019 as of April 2025, increasing my monthly payments $429. As this will significantly cut into my cash flow, is this something I should look into? Is it common for property taxes to increase this much? Any help, advice would be greatly appreciated.

Probably too late this time, but always contest your assessed values. Look in the yellow pages for lawyers who specialize in property valuation appeals.