Introduced Version






HOUSE BILL No. 1055

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DIGEST OF INTRODUCED BILL



Citations Affected: IC 6-1.1-31.

Synopsis: Neighborhood assessment factor. Directs the department of local government finance to amend its Real Property Assessment Guidelines to prevent the delineation of neighborhoods using different standards and to prevent assessment disparities between adjoining comparable residential real properties in adjoining neighborhoods.

Effective: Upon passage.





Mays




    January 13, 2004, read first time and referred to Committee on Ways and Means.







Introduced

Second Regular Session 113th General Assembly (2004)


PRINTING CODE. Amendments: Whenever an existing statute (or a section of the Indiana Constitution) is being amended, the text of the existing provision will appear in this style type, additions will appear in this style type, and deletions will appear in this style type.
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HOUSE BILL No. 1055



    A BILL FOR AN ACT to amend the Indiana Code concerning taxation.

Be it enacted by the General Assembly of the State of Indiana:

SOURCE: IC 6-1.1-31-6.5; (04)IN1055.1.1. -->     SECTION 1. IC 6-1.1-31-6.5 IS ADDED TO THE INDIANA CODE AS A NEW SECTION TO READ AS FOLLOWS [EFFECTIVE UPON PASSAGE]: Sec. 6.5. (a) This section applies for assessments determined for assessment dates after December 31, 2004.
    (b) The department of local government finance shall, for the purposes described in subsection (c), amend in the department's Real Property Assessment Guidelines for 2002, Version A, as in effect on December 1, 2003, the manner in which a neighborhood is defined and delineated for purposes of the assessment of residential real property, including the application of a neighborhood factor for the assessment of residential real property improvements.
    (c) The purposes of the amendment under subsection (b) are to:
        (1) establish a method for the delineation of neighborhoods that prevents the delineation of neighborhoods using different standards; and
        (2) ensure that the neighborhood delineation does not result in assessment disparities between adjoining residential real properties that are:
            (A) comparable with respect to factors used to determine the assessment other than the neighborhood; and
            (B) separated by the neighborhood boundary.
    (d) Assessing officials shall use the neighborhood standards as amended under subsection (b).

SOURCE: IC 6-1.1-31-9; (04)IN1055.1.2. -->     SECTION 2. IC 6-1.1-31-9, AS AMENDED BY P.L.90-2002, SECTION 225, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE UPON PASSAGE]: Sec. 9. (a) Except as provided in subsection (b) and section 6.5 of this chapter, the department of local government finance may not adopt rules for the appraisal of real property in a general reassessment after July 1 of the year before the year in which the general reassessment is scheduled to begin.
    (b) If rules for the appraisal of real property in a general reassessment are timely adopted under subsection (a) and are then disapproved by the attorney general for any reason under IC 4-22-2-32, the department of local government finance may modify the rules to cure the defect that resulted in disapproval by the attorney general, and may then take all actions necessary under IC 4-22-2 to readopt and to obtain approval of the rules. This process may be repeated as necessary until the rules are approved.