Skip to main content
House Bill 1195

House Bill 1195

ARCHIVE (2012)

Latest Information

DIGEST OF HB 1195 (Updated March 10, 2012 12:42 am - DI 73)

Property taxes. Delays the date after which a current county assessor must attain certification as a level three assessor-appraiser. Requires the department of local government finance to establish a program to approve sponsors of courses and courses that qualify a candidate for certification as a level three assessor-appraiser. Provides that if a taxpayer wishes to have the income capitalization method or the gross rent multiplier method used in the initial assessment of the taxpayer's property, the taxpayer must submit the necessary information to the assessor not later than the March 1 assessment date. Specifies that the taxpayer is not prejudiced or restricted in filing an appeal, if the data is not submitted by March 1. Provides a taxpayer the right to a continuance of a property tax assessment board of appeals hearing for just cause. Permits a taxpayer to request that the board make a decision based upon submitted evidence without the presence of the taxpayer. Sets a deadline for filing a notice of withdrawal of a petition. Imposes a $50 penalty if a request for continuance, a request for the board to take action without the taxpayer being present, or a withdrawal is not timely filed and the taxpayer or representative fails to appear at the hearing. Permits an appeal of the assessment of the penalty. Provides that in the case of an assessment that is decreased by the Indiana board or the Indiana tax court, the taxpayer is not entitled to the greater of $500 or 20% of the interest to which the taxpayer would otherwise be entitled on a refund if substantive evidence supporting the taxpayer's position was not presented by the taxpayer to the assessor before or at the hearing of the county property tax assessment board of appeals. Provides that an appraisal may not be required by the county board or the assessor in a proceeding before the county board or in the preliminary informal conference. Specifies that a taxpayer and an assessing official may introduce certain evidence of the assessment of comparable properties. Permits various entities to file a late property tax exemption application for previous assessment years and provides for refunds regarding these exempt properties.
Current Status:
Law Enacted
Latest Printing (PDF)