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IN SB0468
Bill
Status
1/14/2015
Primary Sponsor
Scott Schneider
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AI Summary
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Removes the 5% threshold and requires assessors to prove assessment increases are correct in all reviews and appeals before county boards and state courts, regardless of the increase amount.
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Requires assessors to prove that any reclassification of real property for assessment purposes is correct in all reviews and appeals before county boards and state courts.
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Prohibits county and township assessors from using independent appraisers or contractors to evaluate disputed assessments after June 30, 2015 unless the taxpayer has also contracted with an independent appraiser or contractor.
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Applies to all pending appeals and reviews as of the effective date and to all future appeals and reviews.
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Becomes effective upon passage with an emergency declaration.
Legislative Description
Property tax assessment. Provides that an assessor has the burden of proving that an increase in an assessment is correct, in any review or appeal before the county property tax assessment board of appeals and in any appeals taken to the Indiana board of tax review, the Indiana tax court, or the Indiana supreme court, regardless of the amount of the increase in the assessed value of the property. (Current law provides that the assessor has this burden of proof if the assessment increases by more than 5% over the assessment for the prior year.) Provides that an assessor who
Last Action
First Reading: referred to Committee on Tax & Fiscal Policy
1/14/2015