Batesville Herald Tribune, Batesville, Indiana

Local News

December 20, 2013

State officials certify 2014 Ripley County budget

The Indiana Department of Local Government Finance certified Ripley County’s 2014 budget order and tax rates Dec. 9, paving the way for on-time property tax bills. A copy of the Ripley County budget is available at bit.ly/1aUQmk7. The budget certification puts the county in a position to have taxes due May 10, 2014.

Ripley County was the ninth county in the state to receive its 2014 budget order and tax rates, according to DLGF employee Jenny Banks.

DLGF Commissioner Micah Vincent said, “The certification of the budget order and tax rates sets the stage nicely for on-time tax bills for the fifth consecutive year, continuing the predictable administration of the property tax system. 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 in the year prior to tax billing. Ripley County’s ratio study was submitted June 5.

Once 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 DLGF by Aug. 1. Ripley County’s certified net assessed values were submitted Nov. 1, according to the news release.

Now that the 2014 budget has been certified by 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 25, 2014.

 

 

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