§ 6-1.1-3-15 — Failure to file return; alternative assessment procedures; election to file

Indiana § 6-1.1-3-15

• Jurisdiction: Indiana
• Art. 1.1: PROPERTY TAXES
• Ch. 3: Procedures for Personal Property Assessment

Text

(a) In connection with the activities required
by section 14 of this chapter, or if a person owning, holding,
possessing, or controlling any personal property fails to file a personal
property return with the township or county assessor as required by this
chapter, the township or county assessor may examine:
(1) the personal property of the person;
(2) the books and records of the person; and
(3) under oath, the person or any other person whom the assessor
believes has knowledge of the amount, identity, or value of the
personal property reported or not reported by the person on a
return.
(b) After such an examination, the assessor shall assess the personal
property to the person owning, holding, possessing, or controlling that
property.
(c) As an alternative to such an examination, the township or county
assessor may estimate the value of the personal property of the taxpayer
and shall assess the person owning, holding, possessing, or controlling
the property in an amount based upon the estimate. Upon receiving a
notification of estimated value from the township or county assessor,
the taxpayer may elect to file a personal property return, subject to the
penalties imposed by IC 6-1.1-37-7.
[Pre-1975 Property Tax Recodification Citation:
6-1-23-7.]
Formerly: Acts 1975, P.L.47, SEC.1. As amended by Acts 1977,
P.L.63, SEC.1; P.L.57-1985, SEC.1; P.L.146-2008, SEC.57.