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Indiana Board of Tax Review

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Indiana Board of Tax Review

IBTR > Guide to Appeals > Valuation Date Valuation Date

 

DISCLAIMER

The IBTR offers this discussion for informational purposes only, and the IBTR may revise its contents at any time without notice.  This discussion is not intended, nor should it be construed, as a ruling on any specific appeal. 

 

ASSESSMENT AND VALUATION DATES FOR REAL PROPERTY

In an appeal, parties must explain how their evidence relates to an appealed property’s market value-in-use as of the relevant valuation date.  Thus, the parties must be aware of the assessment date and corresponding valuation date of the appeal.

Starting in 2016, the assessment date and valuation date are both January 1.  Ind. Code § 6-1.1-2-1.5.

For the 2010 - 2015 assessment years, the valuation date and assessment date are both March 1.  Ind. Code § 6-1.1-4-4.5(f) (2010). 

For the 2006-2009 assessment years, the valuation date is “January 1 of the year preceding the year of the assessment date.”  50 IAC 21-3-3 (2006). Thus for a March 1, 2006 assessment, the valuation date is January 1, 2005.

Although the valuation date will vary depending on the assessment year, parties must explain how their evidence relates to an appealed property’s market value-in-use as of the relevant valuation date.  See O’Donnell v. Dep’t of Local Gov’t Fin., 854 N.E.2d 90, 95 (Ind. Tax Ct. 2006); see also Long v. Wayne Twp. Assessor, 821 N.E.2d 466, 471 (Ind. Tax Ct. 2005).