Indiana Tax Review Board Reduces 2024 Property Assessment for Taxpayers’ Dearborn County Home

The Indiana Board of Tax Review (BTR) has issued a final determination ruling that the 2024 assessment of the taxpayers’ property in Dearborn County is to be reduced to the prior year’s value. The property consists of a 3,326 sq. ft. home, a pole barn, and 37.113 acres used for residential and agricultural purposes. The assessment had increased by over 67 percent from the prior year due to a change in the “market model” applied to the residential improvements. The Assessor presented an appraised value of the property, but the Board found it failed to properly account for the agricultural ...