{"id":171,"date":"2007-02-13T23:49:24","date_gmt":"2007-02-14T03:49:24","guid":{"rendered":"http:\/\/www.realst8.crankpin.com\/?p=171"},"modified":"2007-02-13T23:58:08","modified_gmt":"2007-02-14T03:58:08","slug":"circuit-breaker","status":"publish","type":"post","link":"https:\/\/www.realst8.com\/staging\/9756\/real-estate\/circuit-breaker\/","title":{"rendered":"Property Tax Basics – St. Joseph County"},"content":{"rendered":"

Indiana’s “circuit breaker<\/a>” legislation is set to limit property tax rates to two percent of the assesed value of a property. This sounds good to home owners, but how does this affect houses in and near South Bend?<\/p>\n

St. Joseph County has high tax rates<\/a> relative to the rest of Indiana. In fact, eight of the twenty highest rate tax districts are in the county. Currently common exemptions like the homestead and mortgage exemptions often bring the tax rate down below “circuit breaker” levels, but many homeowners pay higher rates.<\/p>\n

The highest St. Joe County residential property tax bill I could find for 2005 was $39,071.54 for a Deer Run home assesed at $1,187,300 under a 5.3877 rate (with several exemptions). This bill would be $23,746 under the new rules.<\/p>\n

Homes assesed at the median South Bend home value of $82,000 would not pay more than $1,640 under these rules.<\/p>\n

The circuit breaker rules should mean a lower tax rate for many Indiana homes, but you should still file your exemptions. These ensure you pay the lowest amount you qualify for.<\/p>\n

To file, take your closing papers, including your mortgage if you have one, to the County City Building at the address below. Go to the recorder\u00e2\u20ac\u2122s office to get your property tax ID number, owner of your loan, loan balance, and recording number. Take this information to the auditor’s office to file your exemptions. You will receive paper receipts. Save these with your closing documents – if the auditor\u00e2\u20ac\u2122s office can\u00e2\u20ac\u2122t locate a record of your exemptions, you will need these original receipts to prove you filed the exemptions.<\/p>\n

The location to file in St Joseph County is:
\n227 West Jefferson<\/a>, 2nd Floor. 574-235-9529<\/p>\n","protected":false},"excerpt":{"rendered":"

Indiana’s “circuit breaker” legislation is set to limit property tax rates to two percent of the assesed value of a property. This sounds good to home owners, but how does this affect houses in and near South Bend? St. Joseph County has high tax rates relative to the rest of Indiana. In fact, eight of […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"nf_dc_page":"","footnotes":""},"categories":[2,11],"tags":[],"class_list":["post-171","post","type-post","status-publish","format-standard","hentry","category-real-estate","category-property-tax"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.realst8.com\/staging\/9756\/wp-json\/wp\/v2\/posts\/171","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.realst8.com\/staging\/9756\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.realst8.com\/staging\/9756\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.realst8.com\/staging\/9756\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.realst8.com\/staging\/9756\/wp-json\/wp\/v2\/comments?post=171"}],"version-history":[{"count":1,"href":"https:\/\/www.realst8.com\/staging\/9756\/wp-json\/wp\/v2\/posts\/171\/revisions"}],"predecessor-version":[{"id":724,"href":"https:\/\/www.realst8.com\/staging\/9756\/wp-json\/wp\/v2\/posts\/171\/revisions\/724"}],"wp:attachment":[{"href":"https:\/\/www.realst8.com\/staging\/9756\/wp-json\/wp\/v2\/media?parent=171"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.realst8.com\/staging\/9756\/wp-json\/wp\/v2\/categories?post=171"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.realst8.com\/staging\/9756\/wp-json\/wp\/v2\/tags?post=171"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}