Transfer Of TitleTaxesMEDIUM
Indiana's property tax caps limit taxes to:
Correct Answer
B) 1% of assessed value for homesteads, 2% for other residential, 3% for other property
Indiana's circuit breaker caps property taxes at 1% for homesteads, 2% for other residential, and 3% for other property.
Answer Options
A
No limits existB
1% of assessed value for homesteads, 2% for other residential, 3% for other propertyC
5% for all propertyD
10% of incomeAudio Lesson2 min
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Related Topics & Key Terms
Related Topics:
property-assessment-methodshomestead-exemptionsproperty-tax-calculationclient-counseling-disclosures
Key Terms:
circuit breakerproperty tax caphomesteadArticle 10 Indiana ConstitutionIC 6-1.1-20.6
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