All real estate in Randolph County, totaling over 18,000 parcels, is assessed to determine Market Value in-Use. As of 1 January 2011, the reassessment of real estate is performed by the Assessors Office in a four-year cycle with 25% of the total number of parcels being assessed each year and then on a continuing cycle of every four years.
Property owners are responsible for reporting:
- new construction
- additions to existing dwellings and/or buildings
- removal of structures
- changes in land use (such as adding a pond, removal of forests, etc.)
- destruction based on fire or flood or other disasters
* ALL CHANGES will be effective on 1 January following the change
The County Assessor maintains a Property Record Card on every parcel of land in Randolph County. The information on the property record card includes:
- Buildings/improvements/structures on the parcel
- Dwelling and land information including:
- Sketches & dimensions (exterior)
- Dwelling type, year of construction
- Effective Age base on any remodels, additions, etc.
- Value calculations
- and more
Real Estate Assessment Rules
The Indiana Department of Local Government Finance (DLGF) (IN.gov) publishes the property assessment rules. Every year the State Board of Accounts in conjunction with the DLGF establishes the tax rates and levies of every political subdivision in the state.
The County Assessor must follow Indiana law and the property assessment rules provided by the DLGF.
Indiana has provided information about assessments at the DLGF Overview of Assessments page on IN.gov
Also available is information on: