Destroyed property; order of reassessment by County Assessor Under IC 6-1.1-4-11 and IC 6-1.1-4-11.5, Sec. 11. (a) If a substantial amount of real and personal property in a township has been physically destroyed, in whole or in part, as a result of a disaster, the County Assessor shall: (1) cause a survey to be made of the area or areas in which the property has been destroyed; and order a reassessment of the destroyed property; if a person petitions the County Assessor to take that action. The County Assessor shall specify in the assessor's order the time within which the reassessment must be completed and the date on which the reassessment will become effective.

• For example, the disaster occurred August, 2026. The taxes effected would be the 2026 pay 2027 taxes for real and personal property or the 2026 pay 2026 taxes for annually assessed mobile/manufactured homes.

Case Law • Property does not need to be a total loss in order to receive relief. On December 20, 2002, the Indiana Tax Court published its determination that a “substantial amount” of destroyed property cannot be made in relation to the total assessed value in a township; and that the 15% of their real property and the 20% of their personal property that was destroyed did constitute a “substantial amount,” and thus ordered the reassessment of the property.

Form 137R (Disaster Reassessment) has a deadline of 12 months to allow insurance companies to evaluate loss. Their evaluation will assist us to apply the proper percentage of loss to the property until repairs are made.

Relief is retroactive back to the date of incident.