Indianapolis Property Tax/Assessed Value
I am looking at a property in Marion County that currently has an assessed value of $28,800. However, if I buy it for, lets say $85,000, will that become the new assessed value? If it's an investment property will this be taxed at 2% for an annual property tax of $1,700?
Can someone provide clarity on whether the assessed value will increase to approximately $85,000 after the sale and whether that is what will be multiplied by 2% for the property tax or not?
Thank you very much.