Reassessment

Another property reassessment this year? Yes, it is possible. The Department of Local Government Finance (DLGF) has announced it will hold public hearings in seven counties to determine if reassessments will be ordered including Ohio County.

The counties to receive public hearings are Adams (industrial), Blackford (industrial), Ohio (commercial and industrial), Parke (commercial and industrial), Ripley (industrial), Scott (commercial and industrial), and Switzerland (commercial and industrial.) Each of these counties have high percentages of unchanged commercial and/or industrial values, as well as other factors that prompted the need for further review.

A public meeting will be held on October 10 at 3:30 p.m. in the Circuit Courtroom at the Ohio County Courthouse to determine whether or not Ohio County will have to be reassessed. If this happens; it will cost the county thousands of dollars.

“Local feedback is crucial in making the decision to order a reassessment,” DLGF Commissioner Cheryl Musgrave said. “I encourage the public to take an active role in this process and attend their local public hearings.”

Ohio County does not need a reassessment. The reason that commercial and industrial values were not changed in the last assessment because there has been so little change in that sector and new market date is unavailable for comparable values which are used in the assessment trending process.

A new reassessment would simply cost the County additional money without any substantial benefits. The Chamber urges business owners to attend this hearing and voice their opposition to the proposed reassessment.