My taxes are too high, what can I do? Why did my taxes go up so much?

Published 04/14/2008 07:33 AM   |    Updated 10/02/2013 02:48 PM

My taxes are too high, what can I do? Why did my taxes go up so much?

Property tax dollars are primarily used to finance local governments. Of every property tax dollar you pay, 99 cents fund local government services provided by counties, cities, school corporations, and libraries.

Statewide average revenue distribution of each property tax dollar:

2012 total

% total

Schools

$2,510,808,291

40.3%

Cities/Towns

$1,240,523,818

19.9%

Counties

$1,116,775,943

17.9%

TIFs

$499,919,861

8.0%

Special Districts

$409,970,387

6.6%

Libraries

$264,280,271

4.2%

Townships

$182,012,831

2.9%

Local spending and the assessed valuation of your property will affect the amount of your tax liability.

In 2012, a General Reassessment was completed throughout the State. This reassessment involved physical inspection of each parcel of property in the State to ensure that each parcel is being properly assessed. An increase in your property's assessment could be the result of changes or corrections made to the Property Record Card associated with your property. This is the record your local assessing official uses to document the attributes of your property. It is possible that your property had been underassessed for a number of years. Your Property Record Card is a public record and you can certainly request to see it to verify its accuracy.

Please note that the Real Property Guidelines, which assessing officials use to value property and which the Department of Local Government Finance is required by law to prescribe, were updated for 2012. The Guidelines' cost tables had not been updated since 2002 (and even then used a model and assumptions that were 35 years old). The 2002 cost tables were based on January 1, 1999 costs. All of the costs are supported by real world data (as provided by a national cost publisher, Craftsman Book Company). Before releasing the cost schedules for use in the General Reassessment, the Department went through the vetting process with assessing officials and vendors.

There is an appeals process available for those dissatisfied with the assessment of their property. Please visit http://www.in.gov/dlgf/2508.htm for more information.

For more information, please see http://www.in.gov/dlgf/2338.htm, or call 317.232.3777.

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