Bill Text: IN HB1195 | 2012 | Regular Session | Introduced

NOTE: There are more recent revisions of this legislation. Read Latest Draft
Bill Title: Property taxes.

Spectrum: Slight Partisan Bill (Democrat 3-1)

Status: (Enrolled - Dead) 2012-03-19 - Signed by the Governor [HB1195 Detail]

Download: Indiana-2012-HB1195-Introduced.html


Introduced Version






HOUSE BILL No. 1195

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DIGEST OF INTRODUCED BILL



Citations Affected: IC 6-1.1-15-18.

Synopsis: Property tax appeals. Establishes standards of review for property tax assessment appeals.

Effective: July 1, 2012.





Smith M, Cheatham




    January 9, 2012, read first time and referred to Committee on Ways and Means.







Introduced

Second Regular Session 117th General Assembly (2012)


PRINTING CODE. Amendments: Whenever an existing statute (or a section of the Indiana Constitution) is being amended, the text of the existing provision will appear in this style type, additions will appear in this style type, and deletions will appear in this style type.
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HOUSE BILL No. 1195



    A BILL FOR AN ACT to amend the Indiana Code concerning taxation.

Be it enacted by the General Assembly of the State of Indiana:

SOURCE: IC 6-1.1-15-18; (12)IN1195.1.1. -->     SECTION 1. IC 6-1.1-15-18 IS ADDED TO THE INDIANA CODE AS A NEW SECTION TO READ AS FOLLOWS [EFFECTIVE JULY 1, 2012]: Sec. 18. (a) This section applies to an appeal to which this chapter applies, including any review by the board of tax review or the tax court.
    (b) This section applies to any proceeding pending or commenced after June 30, 2012.
    (c) To accurately determine true tax value, assessed value shall be determined according to the rules prescribed in the Real Property Assessment Manual and the Real Property Assessment Guidelines issued by the department of local government finance. In a review or appeal, a property owner may prove that the subject property is assessed without uniformity by showing that the assessed value exceeds the median assessed value of a reasonable number of appropriately adjusted comparable properties in Indiana. The taxpayer prevails unless the assessor rebuts the taxpayer's evidence with alternative evidence of comparable

properties.

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