How is the value of my property determined?

How is the value of my property determined?

From the DLGF (Department of Local Government Finance):

Thankfully in Indiana assessment of property isn’t as confusing as it once was. Now, the amount of value that determines your property tax bill, also known as the assessment, should reflect the market value of your property. This market value is based on your current use, not on highest or best use.

Just like other states, in Indiana properties are valued using mass appraisal techniques. With mass appraisal, your property is looked at in conjunction with other properties in …

Read More »