COLUMBUS, Ind. — When compared with 2019, the average home sale price in Bartholomew County increased by 21%, Bartholomew County Assessor Ginny Whipple said.
Rising home values is generally considered a good thing — but not necessarily when new assessment values are being determined for the purposes of property taxes.
Notices of those values (Form 11s) will be mailed by the end of this month, Whipple said. They are intended to inform property owners of new assessed values that will be used to calculate property taxes in 2022.
“These increases or decreases can be caused by changes to the property such as new construction, remodeling, demolition of buildings, or by fluctuations in the market,” Whipple said.
While assessed values are the starting point for calculating annual property tax payments, the amount owed is calculated by a tax rate that will be set by the Bartholomew County Council later this year, she said.
For the complete story, see Thursday’s Republic.
