§ 6-1.1-4-4.2 — County reassessment plan; approval by department of local government finance

Indiana § 6-1.1-4-4.2

• Jurisdiction: Indiana
• Art. 1.1: PROPERTY TAXES
• Ch. 4: Procedures for Real Property Assessment

Text

2. (a) The county assessor of each county
shall, before July 1, 2013, and before May 1 of every fourth year
thereafter, prepare and submit to the department of local government
finance a reassessment plan for the county. The following apply to a
reassessment plan prepared and submitted under this section:
(1) The reassessment plan is subject to approval by the
department of local government finance. The department of local
government finance shall complete its review and approval of the
reassessment plan before:
(A) March 1, 2015; and
(B) January 1 of each subsequent year that follows a year in
which the reassessment plan is submitted by the county.
(2) The department of local government finance shall determine
the classes of real property to be used for purposes of this section.
(3) Except as provided in subsection (b), the reassessment plan
must divide all parcels of real property in the county into four (4)
different groups of parcels. Each group of parcels must contain
approximately twenty-five percent (25%) of the parcels within
each class of real property in the county.
(4) Except as provided in subsection (b), all real property in each
group of parcels shall be reassessed under the county's
reassessment plan once during each four (4) year cycle.
(5) The reassessment of a group of parcels in a particular class of
real property shall begin on May 1 of a year.
(6) The reassessment of parcels:
(A) must include a physical inspection of each parcel of real
property in the group of parcels that is being reassessed; and
(B) shall be completed on or before January 1 of the year after
the year in which the reassessment of the group of parcels
begins.
(7) For real property included in a group of parcels that is
reassessed, the reassessment is the basis for taxes payable in the
year following the year in which the reassessment is to be
completed.
(8) The reassessment plan must specify the dates by which the
assessor must submit land values under section 13.6 of this
chapter to the county property tax assessment board of appeals.
(9) The department may not approve the reassessment plan until
the assessor provides verification that the land values
determination under section 13.6 of this chapter has been
completed.
(10) Subject to review and approval by the department of local
government finance, the county assessor may modify the
reassessment plan.
(b) A county may submit a reassessment plan that provides for
reassessing more than twenty-five percent (25%) of all parcels of real
property in the county in a particular year. A plan may provide that all
parcels are to be reassessed in one (1) year. However, a plan must
cover a four (4) year period. All real property in each group of parcels
shall be reassessed under the county's reassessment plan once during
each reassessment cycle.
(c) The reassessment of the first group of parcels under a county's
reassessment plan shall begin on July 1, 2014, and shall be completed
on or before January 1, 2015.
(d) The department of local government finance may adopt rules to
govern the reassessment of property under county reassessment plans.

Legislative History

As added by P.L.112-2012, SEC.2. Amended by P.L.111-2014, SEC.8; P.L.236-2023, SEC.14.