Indiana Administrative Code
Title 50 - DEPARTMENT OF LOCAL GOVERNMENT FINANCE
Article 4.2 - ASSESSMENT OF TANGIBLE PERSONAL PROPERTY
Rule 3.1 - Review Process and Appeal Procedures
Section 3.1-5 - Change of assessed value; notice

Universal Citation: 50 IN Admin Code 3.1-5

Current through September 18, 2024

Authority: IC 6-1.1-31-1

Affected: IC 6-1.1-3-20; IC 6-1.1-9; IC 6-1.1-16-1

Sec. 5.

(a) A township assessor, if any, must make a change in the assessed value and give notice of the change on or before the later of:

(1) September 15 of the year for which the assessment is made; or

(2) four (4) months from the date the personal property return is filed.

(b) If the taxpayer has failed to file a return, a notice of assessment must be given within the ten (10) year period after the date on which the return should have been filed. If a fraudulent return has been filed, the assessor has no limitation of time within which to act. If the taxpayer fails to file a personal property return that substantially complies with the provisions of IC 6-1.1 and the rules of the department, the assessment may be changed if notice is given within three (3) years after the date the return is filed.

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