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For Immediate Release
INDIANAPOLIS (Aug. 16, 2007) - The Department of Local Government Finance announced today it will officially issue a directive to reassess commercial and industrial property in Gibson County. The directive will be issued to the Gibson County auditor on Friday.
The directive to reassess commercial and industrial property comes after the DLGF received input from local officials and taxpayers in Gibson County during an Aug. 13 public hearing.
"The governor has directed us throughout this process to balance the need for corrective action regarding assessments, with the input from taxpayers in those counties," said DLGF Commissioner Cheryl Musgrave. "Gibson County officials and taxpayers made it clear they do not see the merit in a full-scale reassessment, which would include residential property. But the data is clear that a reassessment of the commercial and industrial properties is necessary."
In Gibson County, 79 percent of commercial property values, and 83 percent of industrial property values, went unchanged over a six-year period.
DLGF to conduct reassessment hearings in five more counties, 15 others pass review
Musgrave also announced that DLGF will conduct hearings in five more counties to determine if reassessments will be ordered. The counties are Jay, Montgomery, Pike, Sullivan and Warren. These counties have high percentages of unchanged commercial and industrial values as well as other factors that have prompted the need for further review.
However, Fountain, Hancock, Henry, Huntington, Knox, Lagrange, Madison, Martin, Miami, Orange, Porter, Pulaski, Tipton, Vermillion and Warrick counties' assessments have passed review. Commissioner Musgrave said these counties have conducted assessments in accordance with state guidelines and will not be ordered to reassess.
"Some taxpayers in those counties may still wish to appeal their assessments, but on the whole these counties have conducted assessments with demonstrated due diligence," said Musgrave.
To listen to an audio broadcast of Commissioner Musgrave's media briefing on these topics, please visit:
To view a video of Commissioner Musgrave's media briefing on these topics, please visit:
Media Contact: Stephanie McFarland, (317) 234-3793, email@example.com
2007 News Releases (View)