§ 6-1.1-14-12 — Assessment studies in certain townships; review by department of local government finance

Indiana § 6-1.1-14-12

• Jurisdiction: Indiana
• Art. 1.1: PROPERTY TAXES
• Ch. 14: Review of Assessments by the Department of Local

Text

(a) As part of the review under IC 6-1.1-33.5-3(4) and IC 6-1.1-33.5-3(5) of the coefficient of dispersion
study and property sales assessment ratio study submitted by a county
under 50 IAC 27-4-4, the department of local government finance shall
conduct the review and analysis described in this section. In 2017 and
in each year thereafter, a county shall submit the coefficient of
dispersion study and property sales assessment ratio study to the
department not later than March 1 of the year.
(b) The department shall:
(1) conduct its review and analysis for studies submitted in 2013
through 2017; and
(2) review and analyze only data and studies for property that is
classified as improved residential property in townships having a
population of more than one hundred thirty thousand (130,000).
(c) The department shall separate each township described in
subsection (b) into four (4) comparable groups of parcels as determined
by the department. The department shall:
(1) separately review and analyze for each group of parcels data
used for the coefficient of dispersion study and the property sales
assessment ratio study submitted by the county; and
(2) prepare a coefficient of dispersion study and a property sales
assessment ratio study for each group of parcels.

Legislative History

As added by P.L.257-2013, SEC.5. Amended by P.L.184-2016, SEC.2.