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Brandon Koser
  • Indianapolis, IN
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Indianapolis Veteran Tax Question

Brandon Koser
  • Indianapolis, IN
Posted

Sorry for the multitude of questions. Trying to understand Marion tax code as I just realized there MAY be a tax exemption available. 

Does an investor who is a veteran at 80% disability get any property tax deduction and if so how much? 

Does it require it to be a primary residence or can rental properties qualify? 

Is there a limit on the number of properties? 

If a property is placed into an LLC-S that is owned by the veteran does that still qualify for an exemption?

I doubt it, but could an exemption be applied retroactively? (One property was primary residence for a few years, so there's that too)

Thanks all

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Mike D'Arrigo
  • Turn key provider
  • San Jose, CA
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Mike D'Arrigo
  • Turn key provider
  • San Jose, CA
Replied

@Brandon Koser Marion County has a tiered tax structure. It is 2% of assessed value for investment properties. They do have a homestead exemption but that is just for owner occupied. 

  • Mike D'Arrigo
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