Version b
Property reassessment funds; use of money; soil maps; approval of
appropriations
Note: This version of section amended by P.L.88-2005, SEC.7.
See also preceding version of this section amended by P.L.228-2005,
SEC.10.
Sec. 28.5. (a) Money assigned to a property reassessment fund
under section 27.5 of this chapter may be used only to pay the costs
of:
(1) the general reassessment of real property, including the
computerization of assessment records;
(2) payments to county assessors, members of property tax
assessment boards of appeals, or assessing officials under
IC 6-1.1-35.2;
(3) the development or updating of detailed soil survey data by
the United States Department of Agriculture or its successor
agency;
(4) the updating of plat books; and
(5) payments for the salary of permanent staff or for the
contractual services of temporary staff who are necessary to
assist county assessors, members of a county property tax
assessment board of appeals, and assessing officials.
(b) All counties shall use modern, detailed soil maps in the
general reassessment of agricultural land.
(c) The county treasurer of each county shall, in accordance with
IC 5-13-9, invest any money accumulated in the property
reassessment fund until the money is needed to pay general
reassessment expenses. Any interest received from investment of the
money shall be paid into the property reassessment fund.
(d) An appropriation under this section must be approved by the
fiscal body of the county after the review and recommendation of the
county assessor. However, in a county with an elected township
assessor in every township, the county assessor does not review an
appropriation under this section, and only the fiscal body must
approve an appropriation under this section.
(Formerly: Acts 1975, P.L.47, SEC.1.) As amended by P.L.6-1997,
SEC.24; P.L.90-2002, SEC.43; P.L.88-2005, SEC.7.
Last modified: May 28, 2006