HB 1219 Summary

• Allows taxpayer-submitted appraisals prepared by licensed/certified appraisers to substitute for assessed values determined by other methods in property tax appeals filed after January 15, 2011.

• Limits assessed value increases to 3% annually (or actual rent increase if using gross rent multiplier method) for four years following an appeal determination, except for improvements or enlargements.

• Applies restrictions to appraisals by persons licensed under IC 25-34.1-8 or certified as level one/two appraisers under IC 6-1.1-35.5 who are not under county contract.

• Adds fraud or misrepresentation in appraisal submission as grounds for revocation of appraiser certification by the Department of Local Government Finance.

• Declares an emergency and takes effect upon passage.