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Marion County refigures property values amid errors

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Indianapolis taxpayers wondering what their property is worth might have to wait until December because of widespread errors discovered in local assessments.

Marion County Assessor Joe O'Connor told WTHR-TV that most of the errors involve homes that were assessed an average of 20 percent higher than they should have been. That could force homeowners to pay higher property taxes if the errors aren't corrected.

O'Connor said the state-mandated reassessment factored in updated land values, home improvements and replacement costs. But it failed to consider sales prices for neighborhood homes, which can equalize assessments.

O'Connor said his office is working to correct the errors.

New assessments were due to be mailed in early November but could be delayed up to a month.

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  • Ahaaa!
    I wrote about this very error in my comments on 10/12 related to the Council's CIB mony GRAB....Did this discovery result from this? If so, I need to reconsider establishing my blog on civic issues. Either way, glad they found it before the rash of appeals flooded their office. I still encourage you to appeal if your value is out of line, by the time the next iteration comes through, it may be too late to get it filed before year end...As we know, December's proposed deadline likely means January or February.

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