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This document presents the final determination by the Indiana Board of Tax Review regarding the property tax assessment appeal for Bernie’s Place, LLC, involving multiple residential rental properties.

How to fill out final determination by form

How to fill out FINAL DETERMINATION BY THE INDIANA BOARD OF TAX REVIEW

1. Obtain the FINAL DETERMINATION form from the Indiana Board of Tax Review website.
2. Review the instructions provided with the form carefully.
3. Fill in your personal information, including your name, address, and contact details.
4. Specify the subject property and the tax year in question.
5. Provide a detailed explanation of your disagreement with the assessment or decision.
6. Attach any supporting documents or evidence that corroborate your claim.
7. Sign and date the form where indicated.
8. Submit the completed form and any attachments by the specified deadline, either via mail or electronically, if applicable.

Who needs FINAL DETERMINATION BY THE INDIANA BOARD OF TAX REVIEW?

1. Property owners who disagree with the assessed value of their property.
2. Individuals or businesses appealing a decision made by a local property tax assessing authority.
3. Taxpayers seeking a formal review of their property tax assessments.

People Also Ask about

How is the assessed value of a property calculated in Indiana?

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 your area. Assessors consider age, grade, and condition.

How do I win a tax assessment appeal?

The easiest way to win an appeal is to find out the county has the wrong square footage for your property. An appeal triggers a review of your file. The discrepancy must be significant. Bring evidence bearing on the market value of your property.

What is the best evidence to protest property taxes?

The best type of documents is usually estimates for repairs from contractors and photographs of physical problems. All documentation should be signed and attested. This means you must furnish "documented" evidence of your property's needs.

How is assessed value determined in Indiana?

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 your area. Assessors consider age, grade, and condition.

How often are property tax appeals successful?

– 30% to 60% of U.S. properties are over assessed, making millions of Americans eligible to file property tax appeals. – 40% to 60% of appeals result in a reduction in assessed value, with potential tax savings ranging from 10% to 15%.

What is the Indiana Board of Review?

The Indiana Board of Tax Review ("IBTR") is the state agency charged with deciding property tax assessment appeals. The IBTR addresses appeals contesting real and personal property assessments. It also addresses appeals concerning property tax exemptions, deductions, and credits.

How do I find out my home's assessed value?

Appraised value, though, is the amount a professional home appraiser thinks your home is worth; it's typically used by lenders when considering a mortgage application. Typically, appraised values are higher than assessed values.

Where are property tax appeals heard in the final phase Indiana?

Step 5: Indiana Supreme Court If you disagree with the decision of the tax court, you may file an appeal with the Indiana Supreme Court. The supreme court will decide whether to hear your case.

How close to market value is the assessed value?

Assessed value = Property tax bill x (100 / Tax rate) Example: If your property tax bill is $3,400 and your county's department of finance tells you the real-estate tax rate is 1%, you can see that your assessed value is $340,000.

For pdfFiller’s FAQs

What is FINAL DETERMINATION BY THE INDIANA BOARD OF TAX REVIEW?

FINAL DETERMINATION BY THE INDIANA BOARD OF TAX REVIEW is an official decision made by the Indiana Board of Tax Review regarding tax appeals and disputes. It serves as a conclusive judgment on matters related to property tax assessments in Indiana.

Who is required to file FINAL DETERMINATION BY THE INDIANA BOARD OF TAX REVIEW?

Property owners or their representatives who seek to appeal a tax assessment are required to file for a FINAL DETERMINATION BY THE INDIANA BOARD OF TAX REVIEW. This process is typically initiated after an unsuccessful appeal at the local tax assessment level.

How to fill out FINAL DETERMINATION BY THE INDIANA BOARD OF TAX REVIEW?

To fill out the FINAL DETERMINATION, the applicant must provide specific details including identification information of the property, the reasons for the appeal, supporting evidence, and any relevant documentation that substantiates their case.

What is the purpose of FINAL DETERMINATION BY THE INDIANA BOARD OF TAX REVIEW?

The purpose of the FINAL DETERMINATION is to provide a fair and impartial review of contested property tax assessments, ensuring that property owners have a formal process to challenge and rectify discrepancies regarding their property tax obligations.

What information must be reported on FINAL DETERMINATION BY THE INDIANA BOARD OF TAX REVIEW?

The information that must be reported includes the property owner's name, the property address, assessment years in question, the assessed value, details of the appeal, evidence supporting the claim, and any correspondence with local assessors.