MEMORANDUM
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 dmarusarz@dlgf.in.gov.
