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Indiana Code — Title 6 (Taxation)

IC 6-1.1-4-27.5

Property reassessment fund; tax levies; petition to increase

Official textiga.in.govlast amended

levy; appeal
Sec. 27.5. (a) The auditor of each county shall establish a property reassessment fund. The county treasurer shall deposit all collections resulting from the property taxes that the county levies for the county's property reassessment fund.

(b) With respect to a reassessment of real property under a county's reassessment plan under section 4.2 of this chapter, the county council of each county shall, for property taxes due each year, levy against all the taxable property in the county an amount equal to the estimated costs of the reassessment under section 28.5 of this chapter for the group of parcels to be reassessed in that year.

(c) The county assessor may petition the county fiscal body to increase the levy under subsection (b) to pay for the costs of:

# (1)

a reassessment of one (1) or more groups of parcels under a county's reassessment plan prepared under section 4.2 of this chapter;

# (2)

verification under 50 IAC 27-4-7 of sales disclosure forms forwarded to the county assessor under IC 6-1.1-5.5-3; or

# (3)

processing annual adjustments under section 4.5 of this chapter.
The assessor must document the needs and reasons for the increased funding.

(d) If the county fiscal body denies a petition under subsection (c), the county assessor may appeal to the department of local government finance. The department of local government finance shall:

(1) hear the appeal; and

(2) determine whether the additional levy is necessary.
As added by P.L.198-2001, SEC.18. Amended by P.L.90-2002, SEC.42; P.L.151-2002,
SEC.1 and P.L.178-2002, SEC.7; P.L.245-2003, SEC.5; P.L.228-2005, SEC.9;
P.L.219-2007, SEC.13; P.L.146-2008, SEC.78; P.L.172-2011, SEC.27; P.L.112-2012,
SEC.17; P.L.218-2013, SEC.1; P.L.5-2015, SEC.10.

Amendment history

As added by P.L.198-2001, SEC.18. Amended by P.L.90-2002, SEC.42; P.L.151-2002, SEC.1 and P.L.178-2002, SEC.7; P.L.245-2003, SEC.5; P.L.228-2005, SEC.9; P.L.219-2007, SEC.13; P.L.146-2008, SEC.78; P.L.172-2011, SEC.27; P.L.112-2012, SEC.17; P.L.218-2013, SEC.1; P.L.5-2015, SEC.10.

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Nearby sections (25 sections)
  1. 6-1.1-4-19 · Repealed
  2. 6-1.1-4-19.5 · Professional appraising services; standard contract or…
  3. 6-1.1-4-20 · Professional appraisal; contract deadline
  4. 6-1.1-4-21 · Repealed
  5. 6-1.1-4-21.4 · Appraisal completion date and reporting requirements…
  6. 6-1.1-4-21.5 · Repealed
  7. 6-1.1-4-22 · Amounts of assessment or reassessment; notice
  8. 6-1.1-4-23 · Repealed
  9. 6-1.1-4-24 · Notice to county auditor of assessed value
  10. 6-1.1-4-25 · Record keeping; electronic data files
  11. 6-1.1-4-26 · Adoption or promulgation of documents by the department of
  12. 6-1.1-4-27 · Repealed
  13. 6-1.1-4-27.5 · Property reassessment fund; tax levies; petition to…
  14. 6-1.1-4-28 · Repealed
  15. 6-1.1-4-28.5 · Property reassessment funds; use of money; soil maps
  16. 6-1.1-4-29 · Expenses of reassessment
  17. 6-1.1-4-30 · Interim assessments or reassessments; rules and regulations
  18. 6-1.1-4-31 · Department of local government finance check of local
  19. 6-1.1-4-31.5 · State conducted assessment or reassessment; notice; state
  20. 6-1.1-4-31.6 · Informal hearings by professional appraiser contractor;
  21. 6-1.1-4-31.7 · Appeal of assessment or reassessment to Indiana board;
  22. 6-1.1-4-32 · Repealed
  23. 6-1.1-4-33 · Repealed
  24. 6-1.1-4-34 · Repealed
  25. 6-1.1-4-35 · Repealed
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