What to Know About Indiana's Property Tax Appeals Process

Understanding Indiana's property tax appeals process is crucial for homeowners seeking to challenge their property tax assessments. Every year, property owners receive assessments that determine their property taxes, but these figures are not always accurate. If you believe your property has been overvalued or improperly assessed, it’s essential to know how to navigate the appeals system.

1. Understanding the Assessment
Before filing an appeal, it's important to understand how property assessments work in Indiana. Property assessments are conducted annually and are typically based on the market value of the property as of January 1st of the assessment year. The Indiana Department of Local Government Finance provides guidelines for assessing property values, but local assessors have some discretion, which can lead to discrepancies.

2. Reasons for Appealing
Common reasons for appealing property assessments include inaccuracies in property description, comparison with similar properties in the area, and overall market conditions. If your property has unique features or recent damage that has not been considered, it may also justify an appeal.

3. The Appeal Process
The Indiana property tax appeals process begins with the local Board of Review. Property owners can file a Form 130, Petition for Review of Assessment, typically by the May 15 deadline following the assessment. This form allows you to present your case for why your property’s assessed value should be lowered.

4. Gathering Evidence
In order to support your appeal, you will need to provide evidence. This may include recent market comparisons, photographs of your property, or other documentation that demonstrates overvaluation. Be thorough and organized, as your evidence will play a significant role in the Board's decision.

5. The Hearing
Once you file your appeal, a hearing will be scheduled. During the hearing, you will have the opportunity to present your evidence and explain why you believe the assessment is inaccurate. The Board of Review will also consider input from local assessors, who may defend the initial assessment.

6. Receiving the Decision
After the hearing, the Board will issue a decision, usually within thirty days. If the Board rules in your favor, your property assessment will be adjusted, potentially leading to lower property taxes. If you disagree with the Board’s decision, you have the option to appeal to the Indiana Tax Court.

7. Deadlines and Important Dates
It’s essential to stay aware of all deadlines related to the property tax appeals process. In Indiana, the appeal must be filed by May 15, and any further appeals to the Indiana Tax Court must be initiated within 45 days of receiving the Board of Review’s decision.

8. Seeking Professional Help
If the process seems overwhelming, consider hiring a tax professional or attorney who specializes in property tax law. They can provide valuable insights and increase your chances of a successful appeal.

In conclusion, navigating Indiana's property tax appeals process requires attention to detail and a thorough understanding of your property’s assessment. By knowing the steps involved and gathering the necessary evidence, you can effectively challenge an unfair property tax assessment and potentially save money on your property taxes.