Indiana

ASSESS THIS

By Abdul Hakim-Shabazz

The Indiana Department of Local Government and Finance has signed off on Marion County’s reassessment figures. According to the DLGF, the reassessment resulted in a $6 billion adjustment. Officials say the township assessors missed more than $1 billion in exempt properties in addition to the $4 billion in commercial property. Overall, commercial and industrial assessments increased by 30 percent, while residential property decreased slightly more than half a percent.

The gross assessments are now their way to the County Auditor who must apply exemptions and deductions in order for you to get your final tax bill.

My colleagues at RTV 6 are reporting that you won’t get your reconciliation bill until mid-July. Marion County Treasurer Mike Rodman says because of the reassessment you won’t get your Spring 2008 bill until late October/early November and you won’t get your fall bill until December.

The DLGF has a tool to help you estimate your tax bill. Click here.

Stay tuned.

Full post as published by Indiana Barrister on March 26, 2008 (boomark / email).