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Talk to a Specialist →The Tax Math
Indiana is one of the more tax-friendly Midwestern states with a low 3.05% flat rate and below-average property taxes. The savings from relocating are smaller than from NJ or IL, but still meaningful: $2,400/yr in income tax plus property tax savings and no more winter. Many Highlands Ridge residents specifically came from Indiana seeking affordable golf retirement.
Property Tax Comparison ($300K Home)
| Location | Effective Rate | Annual Tax |
|---|---|---|
| Indiana | ~0.83% | $2,490 |
| Polk County, FL (homestead) | ~0.95% | $2,375 |
| Annual Savings | $115 | |
Income Tax Comparison
| Income Source | Indiana | Florida |
|---|---|---|
| Social Security | Taxed | $0 |
| Pension ($50,000) | Taxed at 3.05% flat | $0 |
| 401(k)/IRA Withdrawals | Taxed at 3.05% flat | $0 |
Total Estimated Annual Savings
For a couple with $80,000 combined retirement income and a $300,000 home: $3,000-$6,000 per year.
Over 10 years: $30K–$60K in cumulative savings. Over 20 years of retirement, the gap compounds further.
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Best Communities for Indiana Buyers
- Golf lifestyle: Sandpiper Golf ($150/mo all-in with golf) or Lake Ashton (resort-scale amenities)
- Lakefront: Traditions at Lake Ruby (boat dock, Lennar built)
- Lowest cost: Lake Henry Estates ($5,650/yr) or Highlands Ridge (homes under $100K)
- Newest construction: Lakes at Laurel Highlands (D.R. Horton, $170/mo, no CDD)