Statutes, codes, and regulations
Indiana Administrative Code
Title 50 - DEPARTMENT OF LOCAL GOVERNMENT FINANCEArticle 26 - COMPUTER STANDARDS FOR A UNIFORM AND COMMON PROPERTY TAX MANAGEMENT SYSTEM
Rule 50 IAC 26-15 - County Office Integration Standards
Section 50 IAC 26-15-8 - Modification of gross assessed value as a result of final appeal determination, correction of error, omitted or undervalued property, or legislative changes

50 Ind. Admin. Code 26-15-8

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Current through December 4, 2024
Section 50 IAC 26-15-8 - Modification of gross assessed value as a result of final appeal determination, correction of error, omitted or undervalued property, or legislative changes

Authority: IC 6-1.1-31-1; IC 6-1.1-31.5-3.5

Affected: IC 6-1.1-15-10; IC 6-1.1-31.5

Sec. 8.

The property tax management system must do the following:

(1) Allow update of the real or personal property gross assessed value by authorized county officials for the current or subsequent assessment years and the current tax year after any of the following:
(A) Final appeal determination.
(B) Correction of error.
(C) Omitted or undervalued property.
(D) Legislative changes that retroactively affect the calculation of taxes.
(2) Initiate immediate recalculation of taxes for the current or prior assessment years following update to the assessed value.
(3) Not allow the tax and billing system to assess delinquent penalties against assessed values recorded as actively under appeal in the assessment system so long as the taxpayer is compliant with IC 6-1.1-15-10.
(4) The tax and billing system shall include a display of the calculation described in IC 6-1.1-15-10 that is accessible to the end user.

50 IAC 26-15-8

Department of Local Government Finance; 50 IAC 26-15-8; filed Jan 28, 2011, 3:07 p.m.: 20110223-IR-050100165FRA
Filed 5/9/2018, 10:00 a.m.: 20180606-IR-050180006FRA
Readopted filed 10/4/2024, 4:04 p.m.: 20241030-IR-050230833RFA