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Written by Reporter1
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Monday, 08 February 2010 |
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Page 2 of 2
“The entire property tax system relies on many different parts to run smoothly,” Commissioner Timothy J. Rushenberg said in a press release. “Teamwork and communication among all involved in the assessment-to-tax billing process at the state and local level has brought us to a point not seen in years where property tax bills should actually be mailed and due on time.”
The first step in the assessment to tax billing process is the completion of the property assessments, which culminates with the submission of a ratio study. A ratio study is a comparison between property sales prices and assessed values in the county to ensure that market values are being used to determine assessed values. Adams County Assessor Judy Affolder submitted the 2010 ratio study October 23, 2009 – 13 days later than last year, according to the DLGF statement.
Once the DLGF approves the ratio study, the assessor sends the gross assessed values to the county auditor, who applies exemptions, deductions or abatements to determine the net assessed values – the values upon which tax rates are based.
Adams County Auditor Bill Borne submitted certified net assessed values December 3, 2009 – 43 days sooner than the previous year.
Now that the 2010 budget has been certified by the DLGF, the next steps are handled at the county level, Rushenberg said. The county auditor is to calculate tax bills, which should then be mailed by the county treasurer no later than April 23.
Taxpayers interested in estimating their property tax bill may do so using the DLGF’s online property tax calculator at http://www.in.gov/dlgf/4932.htm.
Taxpayers will need to know their property’s assessed value, deductions, and taxing district to use the tool. The estimates provided are projections only and should not be taken as a statement of true tax liability, which is determined by the county.
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Last Updated ( Tuesday, 09 February 2010 )
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