§ 6-1.1-14-5 — Equalizing assessed value; order

Indiana § 6-1.1-14-5

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

Text

(a) After holding the hearings referred to in
section 4 of this chapter, the department of local government finance
shall, in order to equalize assessed values in any county or in the state
as a whole, issue an order increasing or decreasing assessed values of
any tangible property if the department finds:
(1) that the assessed values in any county are not uniform and
equal as to townships, portions of the same township, or classes
of property; or
(2) that the assessed values in this state are not uniform and equal
either as between counties or as to classes of property.
(b) The department of local government finance may not issue an
equalization order to increase or decrease assessed values under this
section more than twelve (12) months after the county estimates of
assessed valuation required under IC 6-1.1-17-1(a) are filed with the
department.
(c) If the department of local government finance issues an
equalization order under this section, the department shall state in the
order the percentage to be added to or deducted from the assessed
value of the tangible property affected by the order.
(d) In issuing an equalization order under this section, the
department of local government finance may not reduce or increase the
aggregate assessed values of any township beyond the amounts actually
necessary for a just and proper equalization of assessments within the
entire state.
[Pre-1975 Property Tax Recodification Citation:
6-1-29-4.]
Formerly: Acts 1975, P.L.47, SEC.1. As amended by
P.L.69-1983, SEC.3; P.L.24-1986, SEC.15; P.L.37-1992, SEC.3;
P.L.6-1997, SEC.69; P.L.90-2002, SEC.131; P.L.154-2006,
SEC.38.