Dearborn County, Indiana

Cyclical Review

Cyclical Review and New Construction site visit are ongoing.  We actively have representatives in the field reviewing property.

Cyclical Review July 2014 – December 2018   

 

IC 6-1.1-4-4.2

County reassessment plan; approval by department of local

government finance

Sec. 4.2. (a) The county assessor of each county shall, before July

1, 2013, and before May 1 of every fourth year thereafter, prepare

and submit to the department of local government finance a

reassessment plan for the county. The following apply to a

reassessment plan prepared and submitted under this section:

(1) The reassessment plan is subject to approval by the

department of local government finance. The department of

local government finance shall complete its review and

approval of the reassessment plan before:

(A) March 1, 2015; and

(B) January 1 of each subsequent year that follows a year in

which the reassessment plan is submitted by the county.

(2) The department of local government finance shall determine

the classes of real property to be used for purposes of this

section.

(3) Except as provided in subsection (b), the reassessment plan

must divide all parcels of real property in the county into four

(4) different groups of parcels. Each group of parcels must

contain approximately twenty-five percent (25%) of the parcels

within each class of real property in the county.

(4) Except as provided in subsection (b), all real property in

each group of parcels shall be reassessed under the county's

reassessment plan once during each four (4) year cycle.

(5) The reassessment of a group of parcels in a particular class

of real property shall begin on May 1 of a year.

(6) The reassessment of parcels:

(A) must include a physical inspection of each parcel of real

property in the group of parcels that is being reassessed; and

(B) shall be completed on or before January 1 of the year

after the year in which the reassessment of the group of

parcels begins.

(7) For real property included in a group of parcels that is

reassessed, the reassessment is the basis for taxes payable in the

year following the year in which the reassessment is to be

completed.

(8) The reassessment plan must specify the dates by which the

assessor must submit land values under section 13.6 of this

chapter to the county property tax assessment board of appeals.

(9) Subject to review and approval by the department of local

government finance, the county assessor may modify the

reassessment plan.

(b) A county may submit a reassessment plan that provides for

reassessing more than twenty-five percent (25%) of all parcels of real

property in the county in a particular year. A plan may provide that

all parcels are to be reassessed in one (1) year. However, a plan must

cover a four (4) year period. All real property in each group of

parcels shall be reassessed under the county's reassessment plan once

during each reassessment cycle.

(c) The reassessment of the first group of parcels under a county's

reassessment plan shall begin on July 1, 2014, and shall be

completed on or before January 1, 2015.

(d) The department of local government finance may adopt rules

to govern the reassessment of property under county reassessment

plans.

As added by P.L.112-2012, SEC.2. Amended by P.L.111-2014,

   

• News