Indiana § 6-1.1-4-19.5 Professional appraising services; standard contract or contract
provisions

Indiana Statutes

§ 6-1.1-4-19.5 — Professional appraising services; standard contract or contract provisions

Indiana § 6-1.1-4-19.5

Art. 1.1PROPERTY TAXES

Ch. 4Procedures for Real Property Assessment

This text of Indiana § 6-1.1-4-19.5 (Professional appraising services; standard contract or contract provisions) is published on Counsel Stack Legal Research, covering Indiana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ind. Code § 6-1.1-4-19.5 (2026).

Text

5.

(a)The department of local government finance shall develop a standard contract or standard provisions for contracts to be used in securing professional appraising services.

(b)The standard contract or contract provisions must contain:

(1)a fixed date by which the professional appraiser or appraisal firm shall have completed all responsibilities under the contract;

(2)a penalty clause under which the amount to be paid for appraisal services is decreased for failure to complete specified services within the specified time;

(3)a provision requiring the appraiser, or appraisal firm, to make periodic reports to the county assessor;

(4)a provision stipulating the manner in which, and the time intervals at which, the periodic reports referred to in subdivision

(3)of this subsection are

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5. (a) The department of local government
finance shall develop a standard contract or standard provisions for
contracts to be used in securing professional appraising services.
(b) The standard contract or contract provisions must contain:
(1) a fixed date by which the professional appraiser or appraisal
firm shall have completed all responsibilities under the contract;
(2) a penalty clause under which the amount to be paid for
appraisal services is decreased for failure to complete specified
services within the specified time;
(3) a provision requiring the appraiser, or appraisal firm, to make
periodic reports to the county assessor;
(4) a provision stipulating the manner in which, and the time
intervals at which, the periodic reports referred to in subdivision
(3) of this subsection are to be made;
(5) a precise stipulation of what service or services are to be
provided and what class or classes of property are to be appraised;
(6) a provision stipulating that the contractor will generate
complete parcel characteristics and parcel assessment data in a
manner and format acceptable to the legislative services agency
and the department of local government finance;
(7) a provision stipulating that the department of local
government finance has unrestricted access to the contractor's
work product under the contract; and
(8) a provision stating that the contract is void and unenforceable
if the appraiser is not certified by the department of local
government finance on the date that the contract is executed or
the department of local government finance subsequently revokes
the professional appraiser's certification under IC 6-1.1-31.7-4
after the contract is executed.
The department of local government finance may devise other
necessary provisions for the contracts in order to give effect to this
chapter.
(c) In order to comply with the duties assigned to it by this section,
the department of local government finance may develop:
(1) one (1) or more model contracts;
(2) one (1) contract with alternate provisions; or
(3) any combination of subdivisions (1) and (2).
The department may approve special contract language in order to meet
any unusual situations.