Personal Property Returns
Personal property returns for the 2023 pay 2024 tax cycle are due May 15, 2023. Any returns filed after May 15, 2023 will still be considered late and subject to penalties.
The Notice of Assessment Form 11's were mailed on April 28th. The appeal deadline is June 15th, 2023. This mailing is part of a required annual process that the state requires of the assessor. If you have received the Form 11, your assessment value has changed. Please note that there was an error in the printing of some of the recent Form 11 notices that indicated that the sale date range was January 1, 2020 to December 31, 2020. The Assessor’s office uses sales from the 12-month period prior to the assessment date. For the January 1, 2023 assessment, sales from January 1, 2022 to January December 31, 2022 are used for comparison.
A Letter From The Assessor
Residential real estate values have been steadily increasing over the past several years, as a result, so have assessed values. Due to a number of factors (low supply, inflated costs of construction materials, historically low interest rates, etc.), 2021 & 2022 saw unprecedented increases in home and property values. The Metro Indianapolis Board of Realtors (MIBOR) indicates Hamilton County year-over-year increases in median home value of 13.2% between January 2021 and January 2022. Hamilton County data indicates a median home value increase of 13.5% between January 2022 and January 2023. See the attached link to view the complete January 2022 and January 2023 MIBOR report.
Central Indiana Housing Market Overview - January 2023
During statewide reassessments, county assessors physically inspect each property to ensure that records are correct. Inspection accomplishes the gathering of data to value the property. For example, does the property still have a free-standing garage and an above ground pool? By confirming this information, assessors can ensure properties are properly valued. Assessing officials will re-assess approximately 25% of the parcels in their jurisdiction (by property class codes) commencing May 1 to December 31 each year over a four year time frame.
Residential: Clay and Delaware Townships
Agricultural: Adams and Wayne Townships
The roles of the Assessor include:
- Assesses real and business personal property
- Evaluates real estate and business personal property appeals
- Oversees General Reassessment process
- Ensures countywide uniform property assessment
- Administers Sales Disclosure Process
- Discovers and identifies omitted property
- Certifies current assessments to the County Auditor's office
- Utilizes recent sales of land to establish base market rates and values
- Advises and instructs the County's Township Satellite Office Managers
If you need specific assessment values for your property or wish to question existing assessed values for your property, please call the appropriate Satellite Office location or contact our office directly.
Property Record Cards
Please find the time to check your Assessment Property Record Card for any errors. You know your property better than we do. Assessment Property Record Cards can be obtained through our Property Reports and Payments application (under Property Assessment), your Satellite Office, or the County Assessor.
We encourage you to contact us with any questions or concerns regarding your assessment. Please refer to our Office Locations to determine where to file Personal Property.