BSU Study Examines Real Estate Assessments

Indiana’s property tax accessors are doing a better job at calculating assessments, but there are still problems with accuracy, says a new study from Ball State University. The study shows that for properties with sale prices below $100,000 assessed value tends to be higher than sale price. For properties with sale prices above $100,000 the situation is reversed—assessed value tends to be lower than sale price. Ideally, assessed and sales figures should be about equal.