If a building permit was issued, we will be notified by the planning agency. If however, improvements or modifications are made to property that cost more than $500 and a permit was not required, you need to file a Notice of Assessment Registration. This form may also be used to notify us of demolitions. This assessment registration form is available at the County Assessor’s Office.
We’ve all become accustomed to the level of services provided by our local community. Public schools, police and fire protection, libraries and road construction and maintenance are only a few of the amenities property taxes make possible. Property taxes support all of the above.
Tax bills are sent to you or your designee (such as your mortgage company) by the Treasurer’s Office and can be paid directly to that office. Payments can also be made at local county banks designated by the County Treasurer. By Statute tax payments are due on May 10th and November 10th of each year.
Annual Adjustments or “trending” of property values became part of Indiana’s move to a market-based assessment system upon order of the Indiana Supreme Court in 1999. Trending requires assessors to research sales of properties in a particular area over the previous two years preceding the assessment date March 1st. Using sales information, assessors determine a trending adjustment necessary to adjust apply to properties within each “neighborhood” then estimate the values of other properties in the same area to determine an assessed value.
Your assessed value is multiplied by the tax rate. The tax rate is the total rate of the combined taxing units (County, Township, City or Town, Library, etc.) within each taxing district. The tax rate is expressed in dollars per hundred dollar of assessed value. This amount is reduced by a state credit, Property Tax Replacement and is automatically deducted from your tax bill.
A taxpayer has a right to appeal their property tax assessment for any reason. The burden of proof, however, will be on the taxpayer to prove why they should have their assessment changed. Just saying: “My taxes are too high” is not sufficient. After carefully reviewing your assessment record, contact the County Assessor’s Office to request a review of your assessment prior to filing an appeal.
A sales disclosure is a form that is completed for all property transfers and must be filed when the transfer is recorded. Sales Disclosures must be filed with the County Auditor even if no money changed hands. The intent of the sales disclosure is to provide a base of information that will be utilized by both the State and County Assessors to identify the sale price of each property transferred. Sales disclosures were classified as “public information” beginning January 2000.
True Tax Value is the sum of the land value and the depreciated value of improvements. Land is valued at its estimated market value based upon the sales of comparable properties in the immediate area. Improvements are anything that has been constructed on the land; including houses, barns, garages, swimming pools, decks, patios, utility sheds, tennis courts, gazebos, carports, etc.
The State Legislature enacts property tax laws while the Department of Local Government Finance interprets the law, writes the rules and procedures, and sets the tax rates.
To determine current ownership of property you should contact the County Auditor’s Office – Transfer & Mapping Division.
TYes. There are a number of credits and exemptions available to qualifying taxpayers. The County Auditor can provide you with information and assist you in determining whether or not you qualify.
Filing of forms 103 and 104 are required by May 15th of each year and are filed with the County Assessor.
The “official” copies of plats are filed with the County Recorder’s Office.