§ 6-1.1-9-10 — Correction of overreporting

Indiana § 6-1.1-9-10

• Jurisdiction: Indiana
• Art. 1.1: PROPERTY TAXES
• Ch. 9: Assessment of Omitted or Undervalued Tangible

Text

(a) If in the course of a review of a taxpayer's
personal property assessment under this chapter an assessing official
or the assessing official's representative or contractor discovers an error
indicating that the taxpayer has overreported a personal property
assessment, the assessing official shall:
(1) adjust the personal property assessment to correct the error;
and
(2) process a refund or credit for any resulting overpayment.
(b) Application of subsection (a) is subject to the restrictions of IC 6-1.1-11-1.
(c) If a taxpayer believes that the taxpayer overreported a personal
property assessment that is discovered in the course of a review of the
taxpayer's personal property assessment under this chapter for which
the assessing official fails to make an adjustment to correct the error
under this section either in whole or in part, the taxpayer may:
(1) initiate an appeal of the assessment under IC 6-1.1-15-1.1 for
a credit to offset any resulting overpayment against the taxpayer's
current personal property tax liability; or
(2) file a claim for refund under IC 6-1.1-26-1.1 of personal
property taxes paid with regard to any resulting overpayment.

Legislative History

As added by P.L.154-2006, SEC.9. Amended by P.L.154-2020, SEC.3.