Courtesy of the Metropolitan Indianapolis Board of Realtors:
Earlier today, Governor Mitch Daniels ordered a complete reassessment of both residential and commercial property in Marion County. Daniels has also placed on hold the property tax increases that homeowners were billed for earlier this month. The governor has stated that homeowners will pay the same amount they paid on their 2006 bills. According to news reports as late as 5:00 p.m. Wednesday, the due date for bills remains July 27.
Marion County taxpayers will receive bills with a new 2007 amount after the reassessment is completed and the tax rates certified, a process expected to take six to eight months. The status of rebates is not yet known.