Friday, May 9, 2014

DLGF Publishes Guidance Regarding Tentative Determination of Assessed Values of State Distributable Property


TO:                         All County Assessors and Auditors

FROM:                  Micah G. Vincent, Commissioner

RE:                          Tentative Determination of Assessed Values of State Distributable Property, Senate Enrolled Act 420-2014

DATE:                    May 8, 2014

On March 25, 2014, Governor Pence signed into law Senate Enrolled Act 420 (“SEA 420”). Section 18 of SEA 420, effective July 1, 2014, amends IC 6-1.1-8-27 to require the Department of Local Government Finance, on or before June 1 of each year, to certify its tentative determination of assessed values of state distributable property that are distributable for each taxing unit under IC 6-1.1-8-26. This certification is made to the county assessor and county auditor of each county where a tentative determination is made. A county auditor who receives this certification may use the tentative assessed values to prepare the certified statement of assessed values required under IC 6-1.1-17-1. The county auditor must designate these values as tentative assessed values in the certified statement. Section 18 of SEA 420 first applies to the 2015 pay 2016 tax cycle.

Contact Information

Questions may be directed to Staff Attorney David Marusarz at (317) 233-6770 or