Appraisal completion date; reporting requirement
Sec. 21. (a) If, during a period of general reassessment, a
township assessor makes the real property appraisals himself, the
appraisals of the parcels subject to taxation must be completed as
follows:
(1) The appraisal of one-fourth (1/4) of the parcels shall be
completed before December 1 of the year in which the general
reassessment begins.
(2) The appraisal of one-half (1/2) of the parcels shall be
completed before May 1 of the year following the year in which
the general reassessment begins.
(3) The appraisal of three-fourths (3/4) of the parcels shall be
completed before October 1 of the year following the year in
which the general reassessment begins.
(4) The appraisal of all the parcels shall be completed before
March 1 of the second year following the year in which the
general reassessment begins.
(b) If a township assessor employs a professional appraiser or a
professional appraisal firm to make real property appraisals during
a period of general reassessment, the professional appraiser or
appraisal firm must file appraisal reports with the township assessor
as follows:
(1) The appraisals for one-fourth (1/4) of the parcels shall be
reported before December 1 of the year in which the general
reassessment begins.
(2) The appraisals for one-half (1/2) of the parcels shall be
reported before May 1 of the year following the year in which
the general reassessment begins.
(3) The appraisals for three-fourths (3/4) of the parcels shall be
reported before October 1 of the year following the year in
which the general reassessment begins.
(4) The appraisals for all the parcels shall be reported before
March 1 of the second year following the year in which the
general reassessment begins.
However, the reporting requirements prescribed in this subsection do
not apply if the contract under which the professional appraiser, or
appraisal firm, is employed prescribes different reporting procedures.
(Formerly: Acts 1975, P.L.47, SEC.1.) As amended by P.L.55-1986,
SEC.2.
Last modified: May 28, 2006