MEMORANDUM
TO: County Assessors
FROM: Barry Wood, Assessment Division
Director
RE: Cyclical Reassessment
Follow-up
DATE: July 6, 2012
On April 30, 2012, the Department of Local
Government Finance (the “Department”) issued guidance regarding the cyclical
reassessment (see http://www.in.gov/dlgf/files/120430_Cyclical_Reassessment.pdf
). Several counties have requested further clarification regarding entering
into a contract for the cyclical reassessment and the effective dates for the
next (cyclical) reassessment.
Per Indiana Code 6-1.1-4-20 (see both Version
“a” and Version “b” below), a county currently may not enter into a contract for
the cyclical reassessment before January 1, 2014. Version “a” is effective until
January 1, 2013, version “b” becomes effective January 1, 2013, and permits the
Department to establish a timeframe within which a county may enter into a
contract with a professional appraiser.
IC 6-1.1-4-20 Version a
Professional appraisal; contract deadline
Note: This version of section effective until 1-1-2013. See also following version of this section, effective 1-1-2013.
Sec. 20. The department of local government finance may establish a period with respect to each general reassessment that is the only time during which a county assessor may enter into a contract with a professional appraiser. The period set by the department of local government finance may not begin before January 1 of the year the general reassessment begins. If no period is established by the department of local government finance, a county assessor may enter into such a contract only on or after January 1 and before April 16 of the year in which the general reassessment is to commence.
(Formerly: Acts 1975, P.L.47, SEC.1.) As amended by P.L.55-1986, SEC.1; P.L.6-1997, SEC.18; P.L.90-2002, SEC.39; P.L.146-2008, SEC.74.
IC 6-1.1-4-20 Version b
Professional appraisal; contract deadline
Note: This version of section effective 1-1-2013. See also preceding version of this section, effective until 1-1-2013.
Sec. 20. The department of local government finance may establish a period, with respect to each reassessment under section 4 or 4.2 of this chapter, that is the only time during which a county assessor may enter into a contract with a professional appraiser.
(Formerly: Acts 1975, P.L.47, SEC.1.) As amended by P.L.55-1986, SEC.1; P.L.6-1997, SEC.18; P.L.90-2002, SEC.39; P.L.146-2008, SEC.74; P.L.112-2012, SEC.13.
- July 1, 2013: The county assessor must submit the cyclical reassessment plan before this date.
- March 1, 2014: The Department must review and approve the plan before this date.
- July 1, 2014: The reassessment of the first 25% of the parcels within each property class within the county starts.
- March 1, 2015: The reassessment of the first 25% of the parcels must be completed.
- July 1, 2015: The reassessment of the second 25% of the parcels within each property class within the county starts.
- March 1, 2016: The reassessment of the second 25% (i.e., half of all parcels) of the parcels must be completed.
- July 1, 2016: The reassessment of the third 25% of the parcels within each property class within the county starts.
- March 1, 2017: The reassessment of the third 25% (i.e., ¾ of all parcels) of the parcels must be completed.
- July 1, 2017: The reassessment of the fourth 25% of the parcels within each property class within the county starts. Note: IC 6-1.1-4-4.2 (a) states the county assessor must submit a cyclical reassessment plan “before July 1 of every fourth year thereafter.” Hence, the county assessor must submit the plan for the next four year cyclical reassessment before this date.
- March 1, 2018: The reassessment of the fourth 25% (i.e., all parcels) of the parcels must be completed.
- July 1, 2018: The reassessment of the first 25% of the parcels within each property class within the county for the next four year cyclical reassessment starts.
http://www.in.gov/dlgf/files/120707_-_Wood_Memo_-_Cyclical_Reassessment_Follow-up.pdf
