County Lauded By State Officials
July 28, 2016 at 4:25 p.m.
By Daniel [email protected]
The DLGF certified Kosciusko County's 2010 budget order and tax rates Feb. 5, paving the way for on-time property tax bills. The budget certification came 56 days sooner than last year, putting the county in a position to have taxes due May 10.[[In-content Ad]]"The entire property tax system relies on many different parts to run smoothly," Commissioner Timothy J. Rusenberg said. "Teamwork and communication among all involved in the assessment-to-tax billing process at the state and local level has brought us to a point not seen in years where property tax bills should actually be mailed and due on time."
The first step in the assessment to tax billing process is the completion of the property assessments, which culminates with the submission of a ratio study.
A ratio study is a comparison between property sales prices and assessed values in the county to ensure that market values are being used to determine assessed values. Kosciusko County Assessor Laurie Renier submitted the 2010 ratio study Aug. 25 - 130 days sooner than last year.
Once the DLGF approves the ratio study, the assessor sends the gross assessed values to the county auditor, who applies exemptions, deductions or abatements to determine the net assessed values - the values upon which tax rates are based.
Kosciusko County Auditor Marsha McSherry submitted certified net assessed values Nov. 23 - 96 days sooner than the previous year.
Now that the 2010 budget has been certified by the DLGF, the next steps are handled at the county level.
Taxpayers interested in estimating their property tax bill may do so using the DLGF's online property tax calculator at www.in.gov/dlgf/4932.htm
Taxpayers will need to know their property's assessed value, deductions and taxing district to use the tool. The estimates provided are projections only and should not be taken as a statement of true tax liability, which is determined by the county.
A copy of the Kosciusko County budget is available at www.in.gov/dlgf/2580.htm
The DLGF certified Kosciusko County's 2010 budget order and tax rates Feb. 5, paving the way for on-time property tax bills. The budget certification came 56 days sooner than last year, putting the county in a position to have taxes due May 10.[[In-content Ad]]"The entire property tax system relies on many different parts to run smoothly," Commissioner Timothy J. Rusenberg said. "Teamwork and communication among all involved in the assessment-to-tax billing process at the state and local level has brought us to a point not seen in years where property tax bills should actually be mailed and due on time."
The first step in the assessment to tax billing process is the completion of the property assessments, which culminates with the submission of a ratio study.
A ratio study is a comparison between property sales prices and assessed values in the county to ensure that market values are being used to determine assessed values. Kosciusko County Assessor Laurie Renier submitted the 2010 ratio study Aug. 25 - 130 days sooner than last year.
Once the DLGF approves the ratio study, the assessor sends the gross assessed values to the county auditor, who applies exemptions, deductions or abatements to determine the net assessed values - the values upon which tax rates are based.
Kosciusko County Auditor Marsha McSherry submitted certified net assessed values Nov. 23 - 96 days sooner than the previous year.
Now that the 2010 budget has been certified by the DLGF, the next steps are handled at the county level.
Taxpayers interested in estimating their property tax bill may do so using the DLGF's online property tax calculator at www.in.gov/dlgf/4932.htm
Taxpayers will need to know their property's assessed value, deductions and taxing district to use the tool. The estimates provided are projections only and should not be taken as a statement of true tax liability, which is determined by the county.
A copy of the Kosciusko County budget is available at www.in.gov/dlgf/2580.htm
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