According to Marion County property tax laws, a home’s property taxes are based on its appraised value and the family wealth threshold. The appraised value is the current market value of the home as reported by the county tax office. On property exemption certificates, the county allows a resident to build a vacation home or an entire home on the property. If you build more than necessary, the county will reimburse you. However, you could lose your property exemption if you increase the size of your home after you build it.
property tax estimator. On the second page of the property tax estimator, property exemptions are listed on a vertical scale, from lowest to the highest exemption amount. There is also a column for your address. This site is designed to help the reader determine property taxes for their area. The reader must complete a short form to determine the amount of the homestead exemption.
Learn more about options for assessment methods and assessment types. These are typical of what you’ll find on most websites. You should visit each evaluator’s website and be sure to find the type of evaluation used by the municipality. Some Marion County Property Appraiser use alternative methods, but the county still requires its appraisers to follow guidelines set by the National Association of Certified Appraisers (NACC).
Call the three appraisers and ask them to visit your home to determine its market value. If you think you underestimate the value of the property, you can ask for additional expertise. Getting the real value of a property by doing an appraisal would be more accurate and less costly. If you think the valuation is fair, the process of selling your property will be smooth.