INDIANAPOLIS – The Department of Local Government Finance (DLGF) certified Cass County’s 2015 budget order and tax rates on February 15, 2015, paving the way for on-time property tax bills. The budget certification puts the county in a position to have taxes due on May 11, 2015. Cass County was the 83rd county in the State to receive its 2015 budget order and tax rates.
“The certification of the budget order and tax rates sets the stage nicely for on-time tax bills for the sixth
consecutive year, continuing the predictable administration of the property tax system,” DLGF
Commissioner Courtney L. Schaafsma, CGFM said. “A tremendous amount of collaboration between
local and state officials is required to ensure property tax bills go out on time, and it is rewarding to see all
the efforts pay off.”
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. Typically, these should be submitted to the state and approved by May 31, the year prior to tax
billing. Cass County’s ratio study was submitted on April 15, 2014.
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. That information was statutorily due to the DLGF by August 1,
2014. Cass County’s certified net assessed values were submitted on November 13, 2014.
Now that the 2015 budget has been certified by the DLGF, the next steps are handled at the county level.
The county auditor is to calculate tax bills, which the county treasurer should mail to taxpayers no later
than April 17, 2015.
SOURCE: News release from Indiana Department of Local Government Finance (DLGF)