Review of approved application by department of local
government finance; department action, report, and rules
Sec. 8. (a) On or before August 1 of each year, the county auditor
of each county shall forward to the department of local government
finance the duplicate copies of all approved exemption applications.
(b) The department of local government finance shall review the
approved applications forwarded under subsection (a). The
department of local government finance may deny an exemption if
the department determines that the property is not tax exempt under
the laws of this state. However, before denying an exemption, the
department of local government finance must give notice to the
applicant, and the department must hold a hearing on the exemption
application.
(c) With respect to the approved applications forwarded under
subsection (a), the department shall annually report to the executive
director of the legislative services agency:
(1) the number forwarded;
(2) the number subjected to field investigation by the
department; and
(3) the number denied by the department;
during the year ending on July 1 of the year. The department must
submit the report under this subsection not later than August 1 of the
year and in an electronic format under IC 5-14-6.
(d) The department shall adopt rules under IC 4-22-2 with respect
to exempt real property to:
(1) provide just valuations; and
(2) ensure that assessments are:
(A) made; and
(B) recorded;
in accordance with law.
(Formerly: Acts 1975, P.L.47, SEC.1.) As amended by P.L.90-2002,
SEC.105; P.L.264-2003, SEC.10; P.L.28-2004, SEC.62.
Last modified: May 28, 2006