What is the Indiana assessment date, and what value am I appealing?
What is the Indiana assessment date, and what value am I appealing?
Indiana assesses tangible property as of the January 1 assessment date each year, so your appeal challenges the assessed value assigned for that January 1, judged against the property's market value-in-use.
Indiana ties every year's assessment to a single date.
The assessment date. Under Ind. Code §6-1.1-2-1.5, tangible property is assessed as of the January 1 assessment date (for assessment years beginning after December 31, 2015). The value on your Form 11 and on your appeal reflects that January 1 snapshot.
What you are appealing. You are challenging whether the assessed value for that January 1 is too high relative to what the property is worth. For residential property the relevant question is whether recent comparable sales support a lower value than the county assigned.
Why the date matters for evidence. Comparable sales closest in time to the January 1 assessment date carry the most weight. Sales from the months around that date are the strongest support for a Form 130 appeal.
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