Bill Text: IN HB1195 | 2012 | Regular Session | Introduced
NOTE: There are more recent revisions of this legislation. Read Latest Draft
Bill Title: Property taxes.
Spectrum: Slight Partisan Bill (Democrat 3-1)
Status: (Enrolled - Dead) 2012-03-19 - Signed by the Governor [HB1195 Detail]
Download: Indiana-2012-HB1195-Introduced.html
PRINTING CODE. Amendments: Whenever an existing statute (or a section of the Indiana Constitution) is being amended, the text of the existing provision will appear in this style type, additions will appear in this style type, and deletions will appear inthis style type.
Additions: Whenever a new statutory provision is being enacted (or a new constitutional provision adopted), the text of the new provision will appear in this style type. Also, the word NEW will appear in that style type in the introductory clause of each SECTION that adds a new provision to the Indiana Code or the Indiana Constitution.
Conflict reconciliation: Text in a statute in this style type orthis style type reconciles conflicts
between statutes enacted by the 2011 Regular Session of the General Assembly.
Bill Title: Property taxes.
Spectrum: Slight Partisan Bill (Democrat 3-1)
Status: (Enrolled - Dead) 2012-03-19 - Signed by the Governor [HB1195 Detail]
Download: Indiana-2012-HB1195-Introduced.html
Introduced Version
HOUSE BILL No. 1195
_____
DIGEST OF INTRODUCED BILL
Citations Affected: IC 6-1.1-15-18.
Synopsis: Property tax appeals. Establishes standards of review for
property tax assessment appeals.
Effective: July 1, 2012.
Smith M, Cheatham
January 9, 2012, read first time and referred to Committee on Ways and Means.
Introduced
Second Regular Session 117th General Assembly (2012)
PRINTING CODE. Amendments: Whenever an existing statute (or a section of the Indiana Constitution) is being amended, the text of the existing provision will appear in this style type, additions will appear in this style type, and deletions will appear in
Additions: Whenever a new statutory provision is being enacted (or a new constitutional provision adopted), the text of the new provision will appear in this style type. Also, the word NEW will appear in that style type in the introductory clause of each SECTION that adds a new provision to the Indiana Code or the Indiana Constitution.
Conflict reconciliation: Text in a statute in this style type or
HOUSE BILL No. 1195
A BILL FOR AN ACT to amend the Indiana Code concerning
taxation.
Be it enacted by the General Assembly of the State of Indiana:
SOURCE: IC 6-1.1-15-18; (12)IN1195.1.1. -->
SECTION 1. IC 6-1.1-15-18 IS ADDED TO THE INDIANA CODE
AS A NEW SECTION TO READ AS FOLLOWS [EFFECTIVE JULY
1, 2012]: Sec. 18. (a) This section applies to an appeal to which this
chapter applies, including any review by the board of tax review or
the tax court.
(b) This section applies to any proceeding pending or commenced after June 30, 2012.
(c) To accurately determine true tax value, assessed value shall be determined according to the rules prescribed in the Real Property Assessment Manual and the Real Property Assessment Guidelines issued by the department of local government finance. In a review or appeal, a property owner may prove that the subject property is assessed without uniformity by showing that the assessed value exceeds the median assessed value of a reasonable number of appropriately adjusted comparable properties in Indiana. The taxpayer prevails unless the assessor rebuts the taxpayer's evidence with alternative evidence of comparable
(b) This section applies to any proceeding pending or commenced after June 30, 2012.
(c) To accurately determine true tax value, assessed value shall be determined according to the rules prescribed in the Real Property Assessment Manual and the Real Property Assessment Guidelines issued by the department of local government finance. In a review or appeal, a property owner may prove that the subject property is assessed without uniformity by showing that the assessed value exceeds the median assessed value of a reasonable number of appropriately adjusted comparable properties in Indiana. The taxpayer prevails unless the assessor rebuts the taxpayer's evidence with alternative evidence of comparable
properties.
