Supporting the Youth of Pendleton

Have you heard of Outfitters, Inc.?

We bet you have. This non-profit organization was founded in March of 2005 and provides new and quality used clothing to disadvantaged children within South Madison School Corporation. Outfitters, Inc. utilizes partnerships with local churches, social service organizations and businesses to provide clothing to children in need. An annual gala also catapults this organization in its incredible outreach services.

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The sixth annual benefit gala is this weekend, Saturday, February 23rd and features a Mardi Gras theme…A Midwinter Night’s Dream. The gala will take place at the Homestretch Clubhouse at Hoosier Park in Anderson.

We are proud of our little town and Outfitters is a great example of how our community comes together to make a difference for others.

Want to be a part of this wonderful organization? Get involved!  Contact Outfitters at  www.outfitters4kids.org or 765-778-9097.

What type of home suits you and your family?

A custom home may just be the right fit.

Do you need more living space, want a private back yard with mature trees and landscaping or a kitchen suited for Anthony Bourdain? Maybe you’re looking for a finished basement for that man cave or media room…wet bar or pool table. Custom homes are made just for amenities like these. And, custom home communities offer large homesites, beautiful interior finishing details, incredible exterior architectural details, mature trees and landscaping in a private setting.

Pendleton offers many wonderful custom home communities featuring homes just like these.  Here is a little rundown of what you can find within our little town:

Foster Branch and Foster Woods is a beautiful custom home community located off of US 38 just south of I-69. The community features 33 spacious homesites, pendleton pics 120tree-lined and cul-de-sac lots and a pond. These private lots feature homes from approx. $275,000 to $500,000 (lots available in the $30,000’s).

Fox Run is a popular custom home neighborhood located less than one mile from I-69 and SR 38. Fox Run features a beautiful setting for homes with hills, mature trees and landscaping. The homes feature exterior details such as fieldstone and brick. Homes range from approx.  $300,000 to $450,000.

Jefferson Place is a sought-after custom home community off of SR 38 just west of I-69. This neighborhood features oversized, tree-lined homesites and cul-de-sac lots with homes ranging in price from approx. $210,000 to $425,000 (lots available in the $30,000’s).

Hickory Hills is a beautiful custom home community nestled in a quiet area of town off of Huntsville Road. The neighborhood features hills, winding roads, private wooded lots and mature landscaping. Hickory Hills homes range from $200,000x to $475,000.

A custom home can provide you and your family wonderful interior home solutions and unique design details. Custom homesites are spacious and perfect for entertaining, gardening and more. It may just be that your next move will be to one of Pendleton’s beautiful custom home communities.

Click here to contact me to check out custom homes available for sale now.

Tax Assessed Value Versus Market Value…What Is The Difference?

In most cases, your home’s market value will vary from its property tax value. Do you want to know why?
When you buy or sell a property, the listing price is typically close to the property’s fair market value. That being said, the tax bill for that particular property would reflect a value called tax assessed value, which could differ by thousands of dollars. Fair market value is the price a home should sell for under normal market conditions in the local market…meaning that the local housing market is not in distress due to a natural disaster or excessive number of foreclosures. The market value is usually determined by comparing the home to similar properties within close proximity and is based upon the sales price of these similar homes. Adjustments are made for things such as number of bathrooms, but the average sales price between those comparative homes is considered the fair market value. Market value has no direct correlation with property tax. It is used primarily for real estate transactions.assessed value of property
Tax assessed value, on the other hand, is usually a percentage of the property’s fair market value as of a certain date (usually January 1st) according to the county tax rate. Local elected officials typically set county tax rates so that counties are able to maintain community services (such as public schools, police, firefighters, hospitals, etc.). Local governments must collect taxes and property tax is one of those sources of revenue. The tax assessed value determines the tax bill amount, which is a specified percentage of the tax assessed value. Most states assess homes at 80 to 90 percent of fair market value. Although some counties around the country, especially in areas with depressed housing markets, only reassess homes every five or 10 years due to the high cost of the reassessment process.
Fair market value and tax assessed values differ in their purpose. Market value is used as a price point in real estate transactions of the specified property. The tax assessed value, however, is used solely to determine the owner’s property tax obligation.
When buying and/or selling a home, it is important to know and understand the differences in assessed value versus market value. Hopefully this helps you understand the importance in those difference.
I would be happy to help you learn more. Contact me for more information. I look forward to hearing from you