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In a bold move to fight the town of Fishers annexing them, Geist residents have filed 273 petitions with Hamilton County to become the towns of East and West Geist. If this measure gets approved, the two new towns could be incorporated as early as November 2007. Although I think one Geist would be better than two, earlier this year the town of Fishers annexed the lake bottom of Geist reservoir and forced Geist residents to incorporate into the two separate towns. Geist residents estimate that... Read Full Post

The Town of Fishers sweetened the pot in its attempt to annex 22 Geist area neighborhoods. The letter was sent out Tuesday and was really just putting on paper what they had already talked about with the area’s homeowners. The town is currently pursuing a voluntary “unification” with Fishers and the Geist area, but they need 51% of the homeowners to want to be annexed. The town is currently offering tax abatements and interest free loans for 30 years for those that would need to add wat... Read Full Post

The good news: Westfield real estate owners will pay a lower tax rate in 2008. The bad news: Because the assessed value in Westfield has gone up, most residents will not see a big change in their tax bill. In an almost unheard of move these days, Westfield actually lowered the property tax rate. This could actually be a turning point for Westfield. Westfield has typically had a very high tax rate compared to some of its other Hamilton County neighbors. The growth and appreciation of Westfield... Read Full Post

Walker Farms is a Beazer Homes community located in Whitestown off of 650N just south of downtown Whitestown. Walker Farms is a large community with 600+ home sites in the first phase and a potential 400 – 500 more in the second phase. Beazer offers four different “lines” of homes in Walker Farms that range in price from $109,900 - $202,900. The four different lines cater to different buyers and offer separate included features in the base price of the home. This large community gives i... Read Full Post

Eagles Nest is a new home community located in Zionsville on Lafayette Road/ Indianapolis Road just south of SR 334. Eagles Nest features two of the area’s largest home builders, Beazer Homes and Ryland Homes. The community will have 500+ homes in all with the distribution being about half and half for Beazer and Ryland. The community features many amenities that are common for a development of this size. Some of the features include: pool, playground, basketball, tennis, walking trails, se... Read Full Post

If you planning on purchasing an Indianapolis home in Marion County in the next 10 months you need to be careful about the current property tax situation or you could end up paying dearly. For those not familiar with what is going on I will provide a way oversimplified explanation of what has happened: 1) The entire state re-assessed residential real estate and property taxes went through the roof for a variety of reasons. 2) People went crazy and protested when they got their tax bills. 3) I... Read Full Post

A new batch of 300 Indianapolis condos will soon be available on Indianapolis’ far north side. Sun Shiel Properties Group is developing a project called Renaissance Bay off of Keystone Avenue just south of 78th Street. Renaissance Bay is projected to have a mix of 300 one story flats and 3 story town homes and prices are expected to range from $360,000 - $750,000. The single story flats in Renaissance Bay will be in four and five story buildings, range in square footage from 1580 – 3200, ... Read Full Post

Last week the Indianapolis Star reported what everybody is Indianapolis already knows; there is a surplus of unsold inventory homes from Indianapolis home builders. This is really no shock to anyone and I think everyone knows that the oversupply of new homes is a major contributing factor to the relatively stagnant price in the Indianapolis real estate market. The good news out of this article is that Indianapolis builders have slowed down their construction pace. A recent report found that t... Read Full Post

This will be a short one, as there are not too many details right now. Premier Properties USA is looking to develop the southwest corner of 86th Street and Keystone into a mixed use development that would include a hotel, offices, shops, and condos. The project is called Woodfield Crossing and is in the beginning stages of planning and development. The Premier Properties’ website talks vaguely about upscale businesses, top quality restaurants, and sidewalk bistros but offers little details ... Read Full Post

Just when you think it couldn’t any worse the City-County Council passes a bill that will raise the Marion County income tax by 65%. This increase is on the heels of another income tax increase that just took place July 1 and of course follows the property tax debacle everybody is already reeling from. The money from the tax increase is going to be used for Mayor Bart Peterson’s $90 million crime fighting plan. The current 65% tax increase means that if you make a combined income of $100,... Read Full Post