Indiana taxes rental properties at 2x the rate of a personal house and rentals have no mortgage exemptions, homestead exemptions making the actual taxes about 4x.
Now for another catch 22. I can only have one garage on my property. My pole barn is a second garage. It is taxes at commercial rates, 3x. The taxes on my house are very close to the taxes on my new 30x40 pole barn. If I include my basement, my house is more than 2x the square footage of my pole barn. Keep in mind I get a homestead exemption, a mortgage exemption by just having a home equity line of credit which I don't have to use and for tax purposes my house was built in 1942. In 1991-96 I doubled the size of the house. However back when I added on the age of my house goes back to 1942. That's a good tax advantage.
You got to love Indiana's property taxes.
BTW, I did 95% of remodeling this house. I have very little help. This is my first and last brick job.
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Today's Featured Article - The Nuts and Bolts of Fasteners - Part 2 - by Curtis Von Fange. In our previous article we discussed capscrews, bolts, and nuts along with their relative hardness and thread sizes. In this segment we will finish up on our fasteners and then work with ways to keep them from loosening up in the field. Capscrews, bolts and nuts are not the only means of holding two parts together. When dealing with thinner metals like sheet tin, a long bolt and
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