I agree with your sentiments on this. Others mention it's not run very well, I agree. Here is an example
I own a 3 bedroom 2 bath rental home in Terre Haute. Fortunately it's in a decent area, worth about $100k(that's a good area in Terre Haute!) I got a letter from the assessor a few years ago that stated my taxes on this little house was going to go from $1,800/year to over $3,900/year! What! In this town with nothing to offer I am paying almost double in taxes then what I do on a home worth 2x that in Zionsville!
They assessed my little home at around $140k. I had to hire a tax attorney to get involved and get this fixed. I thought this would be easy, I had comps in the neighborhood, I had an appraisal from several years ago showing what it was worth. NOPE. They made my tax attorney go to the highest court in Terre Haute for this tax appeal. They knew they would lose, which of course they did. This took over two years and during that time I was paying these ridiculous tax rates. I guess their goal was to keep the money and collect interest, they knew they would have to give it back to me later on.
Two years later they had to give me a refund for those two years of over paying taxes. My friend owns a rental down the street and he also had the exact same issue. I can only imagine all the others that don't have the knowledge that are still paying these crazy tax rates because the assessor over assessed them.
This is one example of why Terre Haute will never amount to much..In years of buying investments and owning about 80 investment properties, this is the only major home buying mistake I have made
Craig
Quote:
Originally Posted by blogger1776
I've been living in TH for almost two years now. I've lived in several states and cities throughout my life. I'm writing this today to hopefully warn others who may be thinking of moving here to STOP, TURN AROUND and move ANYWHERE else! Unless your idea of a "cut above" is horribly maintained streets, dubious local government, shady government, meth suppiers on every corner, prostitution usually a block away and the STINK! I don't know what they pump into the air here, but there are days when it stinks of rotting maggot crap that I can hardly see the road because my eyes are so watery. There are no decent jobs here. I work online thank GOD! When I first came here the only job I could find paid $6.50 an hour. I came from a $45,000 a year income. What a shock. But then again it led me to find my own way online. I've even had other people tell me they can feel the blackness of this town as soon as they arrive. I agree. I'm not sure what or why, but there is some sort of weird black cloud thing in terms of feeling. There is a very clear and defined line between the two types of people living here. There's the rednecks "hoosiers" as they liked to be referred to and the whitenecks. Hmm... whiteneck would be the people making $19,000+ a year "somehow" and driving the biggest SUV they could beg the dealer into letting them buy on credit. Apparently 98% of the population is on meth and/or crack. I'm telling you, it is this bad. I lived in St. Louis for YEARS and never seen so much filth, disgust and drugs. Terre Haute is just a cut above hell itself. Besides, in five years the population has seriously DEcreased. What does that say? Either people are moving or the cancer rate is as high as they say... probably from the toxic crap they pump into air. A few years ago they had a Mayor that wanted to clean the town up, beautify it, get rid of the 600+ crack houses, get rid of stink and just try to improve things. They ousted in from office! That's what Terre Haute thinks about improvements. They want to stay in the 70's ere but will allow all of the crankers in the world to come here. Revenue reasons? Who knows? I can't wait to get out of this town and away from all of it's BS crap! What a nightmare!
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