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INDIANAPOLIS – Efficient work by county employees left Perry County at the front of the line in getting its 2013 tax rates approved by the state. That means another on-time property-tax deadline of May 10.
The Indiana Department of Local Government Finance certified Perry County’s 2013 budget order and tax rates late in December and this was the second county in the state to receive its 2013 budget order and tax rates.
“The certification of the budget order and tax rates sets the stage nicely for on-time tax bills for the fourth consecutive year, continuing the predictable administration of the property-tax system,” DLGF Commissioner Brian Bailey said about the work of the county auditor, assessor and treasurer’s offices. “A tremendous amount of collaboration between local and state officials is required to ensure property-tax bills go out on time, and it is rewarding to see all the efforts pay off.”
The first step in the assessment to tax billing process is the completion of the property assessments, which culminates with the submission of a ratio study, County Auditor Connie Berger said. A ratio study is a comparison between property sales prices and assessed values in the county to ensure that market values are being used to determine assessed values. Typically, these should be submitted to the state and approved by May 31, the year before the tax billing. Perry County’s ratio study was submitted May 14, 2012.
Once the DLGF approves the ratio study, the assessor sends the gross assessed values to the county auditor, who applies exemptions, deductions or abatements to determine the net assessed values – the values upon which tax rates are based.
Perry County’s certified net assessed values were submitted Aug. 14.
Now that the 2013 budget has been certified by the DLGF, the next steps are handled at the county level, Berger said. After another verification of deductions and exemptions, bills will be prepared and mailed sometime in March. The county will also advertise rates in The News three times. Spring installments will be due May 10 with fall property-tax installments due Nov. 10. A copy of the Perry County budget is available at http://www.in.gov/dlgf/2561.htm.