§ 6-1.1-33.5-6 — Review; special reassessments

Indiana § 6-1.1-33.5-6

• Jurisdiction: Indiana
• Art. 1.1: PROPERTY TAXES
• Ch. 33.5: Department of Local Government Finance Division

Text

(a) With respect to any township or county
for any year, the department of local government finance may initiate
a review to determine whether to order a special reassessment under
this chapter. The review may apply to real property or personal
property, or both.
(b) If the department of local government finance determines under
subsection (a) to initiate a review with respect to the real property
subject to reassessment under IC 6-1.1-4-4.2 within a township or
county, or a portion of the real property within a township or county,
the department of local government finance shall determine for the real
property under consideration and for the township or county the
variance between:
(1) the total assessed valuation of the real property within the
township or county; and
(2) the total assessed valuation that would result if the real
property within the township or county were valued in the manner
provided by law.
(c) If the department of local government finance determines under
subsection (a) to initiate a review with respect to the real property
within a particular cycle under a county's reassessment plan prepared
under IC 6-1.1-4-4.2 or a part of the real property within a cycle, the
department of local government finance shall determine for the real
property under consideration and for all groups of parcels within a
particular cycle the variance between:
(1) the total assessed valuation of the real property within all
groups of parcels within a particular cycle; and
(2) the total assessed valuation that would result if the real
property within all groups of parcels within a particular cycle
were valued in the manner provided by law.
(d) If the department of local government finance determines under
subsection (a) to initiate a review with respect to personal property
within a township or county, or a part of the personal property within
a township or county, the department of local government finance shall
determine for the personal property under consideration and for the
township or county the variance between:
(1) the total assessed valuation of the personal property within the
township or county; and
(2) the total assessed valuation that would result if the personal
property within the township or county were valued in the manner
provided by law.
(e) The determination of the department of local government
finance under section 2 or 3 of this chapter must be based on a
statistically valid assessment ratio study.
(f) If a determination of the department of local government finance
to order a special reassessment under this chapter is based on a
coefficient of dispersion study, the department shall publish the
coefficient of dispersion study for the township or county in accordance
with IC 5-3-1-2(b).
(g) If:
(1) the variance determined under subsection (b), (c), or (d)
exceeds twenty percent (20%); and
(2) the department of local government finance determines after
holding hearings on the matter that a special reassessment should
be conducted;
the department shall contract for a special reassessment to be
conducted to correct the valuation of the property.
(h) If the variance determined under subsection (b), (c), or (d) is
twenty percent (20%) or less, the department of local government
finance shall determine whether to correct the valuation of the property
under:
(1) IC 6-1.1-4-9 and IC 6-1.1-4-10; or
(2) IC 6-1.1-14.
(i) The department of local government finance shall give notice to
a taxpayer, by individual notice or by publication at the discretion of
the department, of a hearing concerning the department's intent to
cause the assessment of the taxpayer's property to be adjusted under
this section. The time fixed for the hearing must be at least ten (10)
days after the day the notice is mailed or published. The department
may conduct a single hearing under this section with respect to
multiple properties. The notice must state:
(1) the time of the hearing;
(2) the location of the hearing; and
(3) that the purpose of the hearing is to hear taxpayers' comments
and objections with respect to the department's intent to adjust the
assessment of property under this chapter.
(j) If the department of local government finance determines after
the hearing that the assessment of property should be adjusted under
this chapter, the department shall:
(1) cause the assessment of the property to be adjusted;
(2) mail a certified notice of its final determination to the county
auditor of the county in which the property is located; and
(3) notify the taxpayer as required under IC 6-1.1-14.
(k) A reassessment or adjustment may be made under this section
only if the notice of the final determination is given to the taxpayer
within the same period prescribed in IC 6-1.1-9-3 or IC 6-1.1-9-4.
(l) If the department of local government finance contracts for a
special reassessment of property under this chapter, the department
shall forward the bill for services of the reassessment contractor to the
county auditor, and the county shall pay the bill from the county
reassessment fund.

Legislative History

As added by P.L.198-2001, SEC.82. Amended by P.L.112-2012, SEC.45; P.L.122-2015, SEC.3; P.L.86-2018, SEC.62; P.L.236-2023, SEC.56.