How does the tax caps process work?
Under the Indiana Constitution, your total tax bill cannot exceed a percentage of your gross assessed value which may be either 1, 2, or 3%, depending on property type. The Gross Assessed Value is the value of your property before any deductions are applied.
Why are my taxes so high?
Your tax bill results from the interaction of your property's value and the local tax rate. The assessor's responsibility is to assign a fair and equitable market value to your property, which is used as the basis for taxation. Local spending at the municipal, township, and county level determines your actual tax rate. For more information, click here
Why is it that my neighbor's taxes appear to be lower than the taxes on my property?
Your neighbor may be receiving deductions that you may not be eligible for or have not had applied to your home due to various reasons. Otherwise, differences between homes such as lot size, square footage, quality and grade of construction, and the like can result in higher or lower assessed values.
What sales information was used to develop trending factor?
The trending factor is developed through an annual process called the ratio study, and includes all of the sales information collected to determine the trending factor. To read more about the ratio study, click here
If property values are decreasing then why are my assessed values rising?
Assessed values are established as of March 1 of the tax year, so for taxes payable in 2015 the valuation date is March 1, 2014. To arrive at the property's value on that date, sales information for the prior two years is considered. For taxes payable in 2015, the assessors office compared sales from 2013 and the first two months of 2014.