50 Ind. Admin. Code 4.2-3.1-5

Current through December 12, 2024

Section 50 IAC 4.2-3.1-5 - Change of assessed value; notice

Authority: IC 6-1.1-31-1

Affected: IC 6-1.1-3-20; IC 6-1.1-9; IC 6-1.1-16-1

Sec. 5.

(a) A township assessor, if any, must make a change in the assessed value and give notice of the change on or before the later of:

(1) September 15 of the year for which the assessment is made; or

(2) four (4) months from the date the personal property return is filed.

(b) If the taxpayer has failed to file a return, a notice of assessment must be given within the ten (10) year period after the date on which the return should have been filed. If a fraudulent return has been filed, the assessor has no limitation of time within which to act. If the taxpayer fails to file a personal property return that substantially complies with the provisions of IC 6-1.1 and the rules of the department, the assessment may be changed if notice is given within three (3) years after the date the return is filed.

50 IAC 4.2-3.1-5

Department of Local Government Finance; 50 IAC 4.2-3.1-5; filed Feb 26, 2010, 2:43 p.m.: 20100324-IR-050090576FRA

Filed 11/2/2020, 9:34 a.m.: 20201202-IR-050190636FRA