The township trustee shall act as the assessor in townships with populations less than 8,000 (In townships of 8,000 or more population, there is an elected township assessor). The trustee/assessor shall perform the duties prescribed by statute, including:

• Assessment duties prescribed by IC 6-1.1
  

Indiana Code: IC 36-6-5

Property assessed by the township is classified as either:

1. Real Property- land and permanent structures

-or-

2. Personal Property

a. Individual's Personal Property- RV's, off-road vehicles,etc.
b. Farmer's Personal Property
c. Business Personal Property
d. Annually assessed mobile homes

Inventory Tax-
Indiana has abolished the inventory tax. You must, however, continue to report your inventory on the assessment forms.

Property Investment Deduction

The investment deduction provides Indiana business taxpayers with a three-year deduction from the assessed valuation of new investments in real and personal property. The intent of the deduction is to spur investment in Indiana, increase the tax base, and create and retain jobs.

Investments made between March 2, 2005 and March 1, 2007 to redevelop or rehabilitate real property that resulted in the creation or retention of employment are eligible for the deduction. Personal property never before used by its owner in the state that creates or retains jobs is also eligible for the deduction.

Property Investment Deduction Fact Sheet

Annual Adjustments of Real Property Begins for 2006 pay 2007 Assessment-

Under the old system, real estate was generally only reassessed every 10 years. That left taxpayers with a large change in their assessments every decade. Annual adjustments curb that large lump sum change in assessments by annually adjusting values based on sales.

Annual Adjustment Fact Sheet

Mobile Homes - Annually Assessed

Mobile homes are assessed as personal property when they are placed on land owned by someone other than the owner of the mobile home. Taxes on annually assessed mobile homes are paid in the same year they are assessed.

PROPERTY TAX DEDUCTIONS AND CREDITS-

Indiana provides a number of deductions and credits to lower property taxes.

A list of deductions, credits, and requirements can be viewed by CLICKING HERE.

These credits and deductions are not automatic. You must apply for them at the county auditor's office (county annex building) by the due date noted. Residents who have filed for these deductions in the past are not required to file again unless they have purchased a new home, changed their mortgage, moved or are otherwise required to by the qualifications noted..