Assessor

Any tangible property that is not real estate.

If you have removed a structure from a specific parcel, the best practice is to notify the Assessor's Office by submitting an Affidavit of Destroyed or Removed Property (Form 135). This notification, albeit in person, or by email will result in a physical review of the said parcel. If you obtained the required permit, we may or may not be informed promptly; so, it is in your best interest to inform us as soon as possible.

It must also be noted that ANY destruction of a structure on YOUR property is YOUR responsibility to report. Fire Departments or Police are under NO obligation to report these matters and therefore, we would not be aware that a structure had been damaged by fire, etc. until you file an appeal based on the said damage. Failure to notify the Assessor's Office is not a justifiable reason for appeal.

It must also be noted that this review will not only verify the removal of said structure but will also cause the review of the entire parcel to ensure that the data listed for the said parcel is correct.

Any changes based on the damage and or destruction shall not be retroactive but rather will be effective on January 1 of the following year based on the date Form 135 is submitted and will not affect the current assessment.

Personal Property is movable – can be relocated. Real Estate includes the land and appurtenances to the land that are not Personal Property.

The word "Improvement" simply refers to any and all structures on the land, not considered personal property. It does not refer to any maintenance performed, remodel, additions, or removals.

Examples include but are not limited to:

• Dwellings
• Detached Garages
• Barns
• Gazebos
• Sheds (even if on sleds)
• Grain Bins (Dryers, legs, and augurs are considered Personal Property and are not part of the overall value of the Grain Bin)
• Pools (Include Above-Ground and Inground models as well as decks and patios/aprons surrounding the pool)
• Basketball / Tennis Courts
• Decks, Patios
• ANYTHING that sits on the ground is considered an improvement to the Land.

Your assessment is based on ALL structures and land associated with a specific parcel. Each parcel is associated with a unique ID or Parcel Number. Whatever is located within the confines of the deeded dimensions of said parcel, will be assessed to that parcel.

Any structure or piece of equipment associated with or assessed as Personal Property is NOT included in a Real Estate Assessment.

Though it may seem to be a simple answer, it is not. The calculation of a particular parcel tax liability has many moving factors which include but are not limited to:

• Assessed Value as of 1 January the year prior to taxes due
• Local Budgets
• Bonds or Levy attached by the County and Local Fiscal Bodies
• Tax Caps
• Deductions, each applied according to the qualifications of the taxpayer
• Tax Rates set forth by the State of Indiana are based on the Budgetary requirements of each taxing unit

The State of Indiana in conjunction with the Indiana Business Research Center has created a calculator for taxpayer use. This calculator can be found here. It must be noted that these tools will allow the taxpayer to enter their property's assessed value and possible deductions to see a range of tax bill estimates.

**The estimates provided by these tools are projections only and should not be taken as a statement of true tax liability.

Yes, the sales disclosures for the past 5 years are available in the Assessor’s office. In addition, sales data is also available on the Randolph County GIS System.

Visit the Assessment Appeals Process service page for detailed information.

Personal property values are assessed on January 1 of every year and are self-reported by property owners to assessors using prescribed state forms. The completed personal property return can be submitted beginning January 1 however, must be filed, or post-marked, with the assessor no later than May 15.

Metered mail will not be accepted as a postmark verification.

For Personal Property being assessed Prior to December 31, 2019, Taxpayers with less than $20,000 in total acquisition costs for Business Personal Property are required to file an annual personal property return stating that the taxpayer’s business personal property is exempt from taxation for the applicable assessment date. For Personal Property being assessed After December 31, 2021, Taxpayers with less than $80,000 in acquisition costs for Business Personal Property, in the county, are required to file an annual personal property return stating that the taxpayer’s business personal property is exempt from taxation for the applicable assessment date.

Failure to file the annual forms will result in late fees. The $80,000 is not a deduction to lower your tax liability. If you have acquisition costs that exceed either limit, your filings will remain as normal

If you have any questions or clarification if you qualify, please contact the Assessor's Office for details at 765-584-2427

In valuing a structure, the Assessor takes into consideration the outside measurements by performing a physical site review, the type of construction, the year built, any modifications to the structure, and the overall condition.

After all data is gathered, the Assessor applies the State mandated Cost Tables, verifies the effective year, and applies applicable depreciation which results in the Replacement Cost New Value. That value is then adjusted based on the Market Trend, by neighborhood, established based on the sale of properties in the neighborhood compared to the type of structure being assessed. This means if you have a residential structure, it is compared to sold residential structures in your neighborhood, not commercial, and vice versus

The land is valued separately and takes into consideration such things as location, use, and home site value as well as road and water frontage and any Right-of-Way associated with the land.

The Assessor's Office will consider the actual cost IF THE INFORMATION IS PROVIDED! Supplying invoices of all materials, and quotes on construction/land prep are all helpful in ensuring we have applied the correct cost. If you claim self-built, you will be required to provide a certified letter stating the hours worked on the project including the number of all those who helped in the construction.

This data is then sent to the Department of Local Government and Finance for review. Once the State approves the values, it is then passed onto the Auditor for taxation purposes.