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.
If property values are decreasing then why are my assessed values rising?
Assessed values are established as of January 1 of the tax year, so for taxes payable in 2018 the valuation date is January 1, 2017.
In Indiana, reassessment is the periodic re-inspection of real property to check for errors, pick up new construction and improvements, and to clean up the county's data.
An application for exemption is no longer required every two years if the exempt property is tangible property owned, occupied, and used by a person for educational, literary, scientific, religious, or charitable purposes as described in IC 6-1.1-10.
What happens if there is a change in property ownership or use?
An exemption on a property is still valid after a change in ownership if the property continues to meet the requirements for an exemption under IC 6-1.1-10 or IC 6-1.1-10-21.