Indiana Administrative Code
Title 50 - DEPARTMENT OF LOCAL GOVERNMENT FINANCE
Article 1 - GENERAL PROVISIONS
Rule 1 - Miscellaneous Property Tax, Budget and Bonding Requirements
Section 1-9 - Reassessment of real property
Current through September 18, 2024
Authority: IC 6-1.1-31-1
Affected: IC 6-1.1-4-7; IC 6-1.1-4-8
Sec. 9.
Reassessment of Real Estate. Under its power to order reassessment of real estate in any taxing unit or units of any individual owning real estate, application for such reassessment must be filed in duplicate on or before March 31, of any calendar year, general election year or otherwise, with the county assessor of the county wherein such real estate is located and presented to the State Board of Tax Commissioners before March 31. Said application to be signed and verified by the owner or owners of any real estate and for improvements on Form No. 152, "Petition for Reassessment," prescribed by the State Board of Tax Commissioners and shall contain:
(1) The legal description of the property and street address.
(2) The name of the taxing unit wherein it is located.
(3) The last assessed value.
(4) The true cash value of same on March 1st of the current year.
(5) Petitioner's estimate of actual value.
(6) All other information required as set out on Form 152.
On receiving such application duly verified, notice shall be given a hearing held in the county where such real estate is located after which the Board may order a reassessment of the real estate to be made by the proper local assessing officer. Such officer shall assess the real estate and notify the owner of the amount of the assessment made. Such taxpayer, if he is not satisfied, may appear before the County Board of Review at its regular session in June and make such objection as he may deem necessary. (64-1019 Burns).
