Evaluation of Property Tax Appeal Findings

Originally posted 2008-12-30 09:47:38. Republished by Blog Post Promoter

The objective of the series of videos that follows in the next couple of days is an evaluation of the the findings of property tax appellate court.  This evaluation is not a guarantee that you will be successful with your appeal for an assessment in your property taxes, but it does arm you with the tools needed to possibly becoming successful in your quest to get your property taxes adjusted in your favor.

For your convenience, below you will find the links to the property tax reviews that we will be evaluating:

• Appeal Review 1

http://www.ingov/ibtr/files/JackRipley.pdf

• Appeal Review 2

http://www.in.gov/ibtr/files/DavidandPatriciaSullivan.pdf

The Appeal Process has time ranges and time limits which also will be part of the video series of discuss.  Please find the link to that information below:

http://www.in.gov/ibtr/files/AppealsProcess

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Surviving a Recession in the Real Estate Business (Part 1)

Originally posted 2009-10-29 15:38:05. Republished by Blog Post Promoter

To survive a recession, you have to do as many businesses do reduce your expenses.  When you have a portfolio of properties you may be wondering what expenses you can reduce.  There ae a least two major expenses tha you can reduce with a little work and research.  One of those expenses is the property taxes.  The other expense is insurance premium.  You may be thinking that is only two expenses that is not going to do much.  Well, hold on.   Let’s examine the business.  The business has accounting, legal, and maintenance.  Those are other areas where expenses can be reduced, and we will explore ways to reduce of those areas over the next couple of days.

To reduce your property taxes, you must determine what the assessed value is for each of your properties.  In most states, the assessor may be using some variation of market value.  With the recent depreciation in market value, it is apparent that the assessed value does not match the current market value or for that matter the amount that you may have paid for the property when you purchased it.  The reason the assessed value does not match the current value is that most states re-assess value every four years.  Still yet, some states use a trending  or error equalizer to correct the assessed value.  This method does an annual adjustment of the assessed value due to changes in the market value.  The error equalizer may or may not fairly account for the impact that the recent increase in foreclosed and short sale homes has on market value.  The foreclosed and short sale homes have had an negative impact on the value of all properties that are for sale.  Therefore, it is doubtful that the error equalizer can account for the influx of these types of homes or the negative impact on property value.  That is why a property tax appeal may be recommended.  Please review the videos below for details on filing procedures in Indiana:

• Property Tax Appeal Review (Video 1 of Section 1)
• Indiana Property Tax Appel (Part 2)

Once you determine that the assessed value is higher than the current market value.  You will need to file an appeal.  For the appeal process, you will need the legal description of the property, the parcel number, the current assessed value for both the improvement (ie house, apartment, condominium, etc) and the land.  This information is available on the assessor’s website.  If the town that the property is located in does not have a website call the assessor’ office to ascertain the information.  

To read more on the assessed value, read What is Assessed Value and How Does it Influence My Property Tax. 

You will also need to get an appraisal of the property.  When hiring the appraiser, explain to the appraiser that you are filing an appeal and may need his or her to testify to explain the appellate committee the finding or evaluation of the appraisal.

Tomorrow and several days to follow, we will evaluating other ways to make money, reduce expenses, and increase income with properties that you currently own, so keep reading.

Property Tax Appeal Review (Video 1 of Section 1)

Originally posted 2009-01-01 18:46:58. Republished by Blog Post Promoter

The objective of the series of videos that follows in the next couple of days is an evaluation of the the findings of property tax appellate court. This evaluation is not a guarantee that you will be successful with your appeal for an assessment in your property taxes, but it does arm you with the tools needed to possibly becoming successful in your quest to get your property taxes adjusted in your favor.

For your convenience, below you will find the links to the property tax reviews that we will be evaluating:

• Appeal Review 1

http://www.ingov/ibtr/files/JackRipley.pdf

• Appeal Review 2

http://www.in.gov/ibtr/files/DavidandPatriciaSullivan.pdf

The Appeal Process has time ranges and time limits which also will be part of the video series of discuss.  Please find the link to that information below:

http://www.in.gov/ibtr/files/AppealsProcess

The law that give jurisdiction power to the Appeal Board is below:

Public Law 198-2001

http://www.in.gov/legislative/iac/xml/old-ir/Vol24/10Jul/07NO050010226.pdf

Indiana Code 6-1.1-4-33

http://www.in.gov/legislative/ic/code/title6/ar1.1/ch4.html

Form 130 (Petition for Review of Assessment By Local Assessing Official – Property Tax Assessment Board of Appeals)

This form is used to petition for property tax appeal.

http://www.in.gov/icpr/webfile/formsdiv/21513.pdf

Form 139 L (Petition for Review of Department of Local Government Finance Action)

This form is used to get money back for excessive property taxes.

http://www.in.gov/icpr/webfile/formsdiv/51104.pdf

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Outraged Over Property Taxes

Originally posted 2009-03-23 09:20:57. Republished by Blog Post Promoter

Why isn’t the Indiana property tax assessment making front page news?  I am sure it is making front page news with all the citizens of Porter County who on March 27 is going to have to pay higher property taxes.

I am appalled that the local paper has given little attention to the plight of Porter County’s property tax over-assessment.

Is it that the County Assessor John Scott does not see a problem with the higher taxes?

The assessor simply said, “let the appeal process determine if the taxes are too high.”

Why is it that the Local Government Finance Office care more about the citizens outrage over property taxes than the assessor?

Even local real estate brokers have had increase calls from outraged citizens about recent market values.  

Business owners believe that property taxes have went up 100 percent. 

Do not let yourself be taxed out of your home or business without a fight.  The assessor is not going to fight for you.  You can file an appeal.  You have until April 13 to file that appeal.  Visit www.in.gov/dlgf to get the forms needed to file that appeal.

I have include some helpful video to help with the process, as well.  See the links below:

Good Indication That You Need to File a Property Tax Appeal

Property Tax Appeal Review Video 1 of Section 1

Evaluation of Property Tax Appeal Findings

Indiana Property Tax Appeal (Part 2)

Indiana Property Tax Appeal

What is Assessed Value and How Does it Influenced My Property Taxes

Lack of Property Taxes Tops News in Northwest Indiana

Seniors Deadline Quickly Approaching

Indiana Property Tax Appeal for Porter County

Property Taxes Are Still a Concern in Indiana

Recently, I had a reader contact me asking questions pertaining to filing a property tax appeal.

I began to think that the question he asked may be question that other readers may have, but were afraid to ask.

His question was pertaining to how to obtain the parcel or key number if you live in other counties besides the ones highlighted in the video series below:

Property Tax Appeal Review (Video 1 of Section 1)

Indiana Property Tax Appeal (Part 2)

You can search for the parcel number and the basic information needed to fill out your appeal form by visiting http://beacon.schneidercorp.com.   On this site you will be able to find the parcel number for all 92 counties in Indiana.

The parcel number is an eighteen digit number it is used by all 92 counties.The parcel number itself is significant.  How, you ask?  The 18-digit State Key PIN is made up of the following parts: (2 digit County Code; 45 for Lake County) – (2 digit Township Number) – (2 digit Section Number) – (3 digit Quadrant Number) – (3 digit Parcel Number) . (3 digit Class Number; usually 000 for Noble County) – (3 digit Tax District Number).  For example, the following PIN, 45-08-28-202-029.000-004, is in: Calumet Twp (08), Section 28 (28), 202 Quadrant (202), parcel number 029 (029), class number of 000 (000), and Calumet township taxing district (004).Each county has a two digit number that represents that county.

I hope this helps you file your appeals.

Indiana Property Tax Appeal

Originally posted 2008-12-28 04:11:27. Republished by Blog Post Promoter

On or before May 10 of the year that you feel that you received an unfair tax assessment, you will need to file a written appeal. 

Once the assessor gets notice that a property owner would like to have their property tax re-assessment, the assessor must forward the appeal documentation to the county board of appeals.

The board shall hold a hearing or review of the petition for re-assessment no later than 180 days after the board receives the notice.  The board will mail the notice to the property ownership of the date, time, and location of the hearing on the property owner’s petition.

There will be a series of videos discussing the forms required to file the appeal, and how to fill the form out.  As an added bonus, we will discuss an appeal that was reviewed by the board.  This reviewed appeal will give you insight in to what to do or not to do to get your property re-assessed in your favor. 

To get the forms needed for filing your property tax appeal visit
for Form 130 also called Form 11 CI www.in.gov/icpr/webfile/formsdiv/21513.pdf

For Form 11 RA visit http://www.in.gov/ibtr/files/DavidandPatriciaSullivan.pdf

For Form 113 visit http://www.in.gov/icpr/webfile/formsdiv/46725.pdf

Video 1 (Indiana Property Tax Appeal)

 

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Indiana Property Tax Appeal (Part 2) -Filing a property tax appeal can be difficult.  This article gives links to the forms needed to file the appeal and a video tutorial on filling the forms out.

Indiana Property Tax Appeal (Part 2)

Originally posted 2008-12-28 16:10:20. Republished by Blog Post Promoter

To get the forms needed for filing your property tax appeal visit
for Form 130 also called Form 11 CI www.in.gov/icpr/webfile/formsdiv/21513.pdf

For Form 11 RA visit http://www.in.gov/ibtr/files/DavidandPatriciaSullivan.pdf

For Form 113 visit http://www.in.gov/icpr/webfile/formsdiv/46725.pdf

Below is a video for filling out the form if your property is located in Porter or La Porte County:

If you need additional information or need the form, please email Serena at snorbrown@yahoo.com

Related Articles

Evaluation of Property Tax Appeal Findings

Property Tax Appeal Review (Video 1 of Section 1)

Indiana Property Tax Appeal

What is Assessed Value and How Does It Influence My Property Taxes

Outraged Over Property Taxes

Great News the End of High Property Taxes

Good Indication that You Need to File a Property Tax Appeal

It is often difficult to determine the indication of needing to file a property tax appeal, but there are signs.

The following are a few good indication that a property tax appeal is necessary:

• One indication is when the description of the property does not match.  An example of such an error is a town home being labeled as a single family home.
• Another indication is when similar homes in the area sell for less than the assessed value.  Incidentally, most states, including Indiana, use market value or some variation of market value to determine the assessed value.
• Still yet, another indication of a need for property tax appeal is changes in the environment.  Change in environment includes rezoning, heavy traffic, drainage problems, building of new industry, freeways, or toxic waste in the neighborhood.
• Another indicating factor is the condition of the property.  If the property is environmental obscene.  The obscenity includes the roof needing replacement, inefficient heating, structural cracking, deterioration , and/or chronic defects.

It is important to not that every year is not an assessed year, but that does not preclude you from filing a property tax appeal.

It is equally important to note that any time an economy is plagued with foreclosures, short sales, and homeowners seeking bail out of homeownership are all good intentions that your property tax bill need a review and may be an appeal.