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This document contains the findings and conclusions of the Indiana Board of Tax Review regarding the property tax assessment for the Parat property in Lake County, Indiana, including procedural history,

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How to fill out Indiana Board of Tax Review Findings and Conclusions

1. Begin by obtaining the Indiana Board of Tax Review Findings and Conclusions form from the official website or local tax office.
2. Carefully read the instructions provided with the form to understand the requirements.
3. Fill out the taxpayer's information accurately, including name, address, and contact details.
4. Provide detailed information regarding the tax assessment being contested, including property details and assessment year.
5. Include a clear and concise summary of the reasons for contesting the assessment.
6. Attach any relevant supporting documents, such as previous tax assessments, photographs of the property, and evidence of property value.
7. Review the completed form for any errors or missing information.
8. Sign and date the form before submission.
9. Submit the completed form to the appropriate Indiana Board of Tax Review office within the specified deadlines.

Who needs Indiana Board of Tax Review Findings and Conclusions?

1. Taxpayers who wish to contest their property tax assessments in Indiana.
2. Property owners who believe their property has been overvalued for tax purposes.
3. Real estate investors seeking to dispute tax calculations on their investment properties.
4. Individuals or organizations involved in tax appeals that require official findings and conclusions.

People Also Ask about

Is it worth it to appeal property taxes?

Successfully appealing property taxes can result in a reduced tax bill. Still, homeowners should consider various factors, including the impact on the home's fair market value and the associated expenses, before deciding to file an appeal.

How do I find the assessed value of my property in Indiana?

You will receive notice of your property's value in one of two ways: the county assessor may send you a notice of assessment, known as a Form 11. Otherwise, the assessed value of your property can be found on your tax bill. This document is known as the TS-1 tax comparison statement.

How often are property taxes reassessed in Indiana?

Using annual adjustments, assessors will adjust or “trend” property values every year to reflect market values of property.

How do I dispute property taxes in Indiana?

An appeal begins with filing a Form 130 – Taxpayer's Notice to Initiate an Appeal with the local assessing official. The appeal should detail the pertinent facts of why the assessed value is being disputed. A taxpayer may only request a review of the current year's assessed valuation.

At what age in Indiana do you stop paying property taxes?

1. Over 65 Deduction Breaker Credit. For retirees, it's worth looking into the Over 65 Deduction Indiana property tax exemption. The Over 65 Circuit Breaker Credit helps limit how much your property taxes can increase annually.

How is assessed value determined in Indiana?

Determining Gross Assessed Value Calculating your property tax begins with establishing the gross assessed value of your home or land. In Indiana, county assessors perform a mass appraisal each year, analyzing the market participants and comparable sales to secure a value reflective of the property's market worth.

Do property taxes go down when you turn 65 in Indiana?

If you receive the over 65 or surviving spouse deduction, you will receive a reduction in your home's assessed value of $14,000 or half the assessed value, whichever is less. The lower the assessed value of your home, the smaller your property tax bill.

What is the Indiana property tax 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.

For pdfFiller’s FAQs

What is Indiana Board of Tax Review Findings and Conclusions?

The Indiana Board of Tax Review Findings and Conclusions are official determinations made by the Indiana Board of Tax Review regarding property tax appeals. They summarize the evidence presented, the interpretations of the law, and the reasoning behind the final decision on tax assessment disputes.

Who is required to file Indiana Board of Tax Review Findings and Conclusions?

Any party involved in a property tax appeal case, which can include property owners, tax assessors, or representatives, is required to file Findings and Conclusions with the Indiana Board of Tax Review as part of the appeals process.

How to fill out Indiana Board of Tax Review Findings and Conclusions?

To fill out the Indiana Board of Tax Review Findings and Conclusions, one must provide detailed information about the property involved in the appeal, summarize the evidence presented during the appeal, and clearly state the conclusions drawn based on that evidence and relevant laws.

What is the purpose of Indiana Board of Tax Review Findings and Conclusions?

The purpose of the Indiana Board of Tax Review Findings and Conclusions is to provide a clear, documented resolution to property tax disputes, ensuring transparency in the decision-making process and enabling all parties to understand the rationale behind the Board's decision.

What information must be reported on Indiana Board of Tax Review Findings and Conclusions?

The Findings and Conclusions must report information such as the identification of the property in question, the specifics of the tax appeal case, the evidence considered, legal arguments from both sides, and the Board's final ruling along with explanations for their decision.