Multifamily property owners and investors in Marion County, Indiana should brace for large increases in 2023 assessed values. Marion is one of the handful of larger Indiana Counties that assesses property values in arrears. The 2023 assessed values are available online, and while many asset classes of commercial real estate saw slight trending increases (or even decreases,) our analysis indicates multifamily assessments on average are increasing in the range of 20% – 40% across all districts. While the Indianapolis multifamily market remains strong, this is yet another year where we are anticipating unprecedented increases in assessed values for multifamily properties, particularly in the downtown market. Learm more about how to manage the massive increases in our full analysis here. Contact our Indianapolis office above to begin your commerical real estate property tax appeal strategy.
