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Monday, March 29, 2004
Indiana Law - Another Tale of Reassessment Woes
The Michigan City New-Dispatch has a story today reporting that the LaPorte County/Michigan Twp. 2003 property tax reassessment must be redone. The story reports that the company hired to do the reassessment didn't fulfill the contract and the payments were held back. More:
What exactly was wrong with Michigan Township's reassessment?The simple question to answer would be, what was right? And that answer would be not much at all.
"There were problems all over with the land values," McDaniel said.
Neighborhoods in the lakefront area were drawn perpendicular instead of parallel to the lakefront. So a house three blocks back from the lake would be paying the same as one on the beach.
With parallel neighborhoods, lakefront property would have one rate, and those a few blocks away would be at a different rate. McDaniel said there also were many errors in the commercial properties.
Posted by Marcia Oddi on March 29, 2004 03:07 PM
Posted to Indiana Law