Home tax hike feared in market-value plan

By Niki Kelly, The Journal Gazette

nkelly@jg.net

INDIANAPOLIS - State officials are considering a subtle change to Indiana's assessment rules that could have a large effect on properties in mixed-use areas.

Assessors annually use sales data of like properties in an area to adjust the assessed value of a property, a process called trending.

But the Indiana Department of Local Government Finance - which oversees the assessment system - is drafting a new assessing manual that could change the process. It wouldn't be applied until taxes payable in 2012.