Indiana § 6-1.1-4-27.5 Property reassessment fund; tax levies; petition to increase levy; appeal

Indiana Statutes

§ 6-1.1-4-27.5 — Property reassessment fund; tax levies; petition to increase levy; appeal

Indiana § 6-1.1-4-27.5

Art. 1.1PROPERTY TAXES

Ch. 4Procedures for Real Property Assessment

This text of Indiana § 6-1.1-4-27.5 (Property reassessment fund; tax levies; petition to increase levy; appeal) 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 § 6-1.1-4-27.5 (2026).

Text

5.

(a)The auditor of each county shall establish a property reassessment fund. The county treasurer shall deposit all collections resulting from the property taxes that the county levies for the county's property reassessment fund.

(b)With respect to a reassessment of real property under a county's reassessment plan under section 4.2 of this chapter, the county council of each county shall, for property taxes due each year, levy against all the taxable property in the county an amount equal to the estimated costs of the reassessment under section 28.5 of this chapter for the group of parcels to be reassessed in that year.

(c)The county assessor may petition the county fiscal body to increase the levy under subsection (b) to pay for the costs of:

(1)a reassessment of one (1) or more gro

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5. (a) The auditor of each county shall
establish a property reassessment fund. The county treasurer shall
deposit all collections resulting from the property taxes that the county
levies for the county's property reassessment fund.
(b) With respect to a reassessment of real property under a county's
reassessment plan under section 4.2 of this chapter, the county council
of each county shall, for property taxes due each year, levy against all
the taxable property in the county an amount equal to the estimated
costs of the reassessment under section 28.5 of this chapter for the
group of parcels to be reassessed in that year.
(c) The county assessor may petition the county fiscal body to
increase the levy under subsection (b) to pay for the costs of:
(1) a reassessment of one (1) or more groups of parcels under a
county's reassessment plan prepared under section 4.2 of this
chapter;
(2) verification under 50 IAC 27-4-7 of sales disclosure forms
forwarded to the county assessor under IC 6-1.1-5.5-3; or
(3) processing annual adjustments under section 4.5 of this
chapter.
The assessor must document the needs and reasons for the increased
funding.
(d) If the county fiscal body denies a petition under subsection (c),
the county assessor may appeal to the department of local government
finance. The department of local government finance shall:
(1) hear the appeal; and
(2) determine whether the additional levy is necessary.

Legislative History

As added by P.L.198-2001, SEC.18. Amended by P.L.90-2002, SEC.42; P.L.151-2002, SEC.1 and P.L.178-2002, SEC.7; P.L.245-2003, SEC.5; P.L.228-2005, SEC.9; P.L.219-2007, SEC.13; P.L.146-2008, SEC.78; P.L.172-2011, SEC.27; P.L.112-2012, SEC.17; P.L.218-2013, SEC.1; P.L.5-2015, SEC.10.