Understand the annual adjustment process
Indiana DLGF describes annual adjustments, or trending, as an assessment process using sales information to estimate market value-in-use. The process is broader than simply taking one property’s purchase price and declaring that to be its next tax bill.
Sources: Indiana DLGF: assessment overview
Reconcile every parcel
For an acquisition, request parcel identifiers, current assessment notices, tax statements, classifications and any exemption, deduction or special-assessment information. Reconcile the legal description to the list of tax parcels before summing bills.
The DLGF’s tax terminology explains that a rate is expressed in dollars per $100 of assessed value. Net taxable value, applicable credits and special charges must be understood before converting a scenario into an expense line.
Sources: Indiana DLGF: property-tax terms
Make the uncertainty visible
Our proposed model has a documented-current-bill case, a reviewed assessment case and a stress case. Show the input changed in each scenario and the resulting NOI effect. Do not call an estimated assessment a confirmed reassessment.
Ask the county assessor and qualified local tax adviser to resolve transaction-specific questions. This guide is a preparation framework, not an assessment determination or an appeal opinion.
