By maintaining secrecy, the city avoided paying highly inflated prices for the properties. And eminent domain was not necessary.
Mark Brown writes
In terms of assessments, we found almost a systematic inconsistency,” said Mark Brown, the institute’s research director and author of the equalization report. “There were some homeowners with assessed valuations as little as 65 to 75 percent of market value, others with 130 to 135 percent of market value.”
Tremendous inconsistencies were found between the state and counties. Within counties, assessors and auditors often used different data procedures and systems, resulting in the flawed values. Because a property owner’s tax levy is determined by the total of a taxing district’s assessed valuation, under-assessed or over-assessed properties skew the base figure and, in turn, the tax rate. Under-assessed properties result in a higher tax rate and higher tax bills.
Even more troubling, the inconsistencies occurred within and across townships, even those townships in the same county!
The Indiana Constitution declares,Article X, Section 1 that
“[t]he General Assembly [to] provide, by law, for a uniform and equal rate of property assessment and taxation and [to] prescribe regulations to secure a just valuation for taxation of all property, both real and personal.” IND. CONST. ART. 10, § 1(a). This provision has long been held to require: (1) uniformity and equality in assessment, (2) uniformity and equality as to the rate of taxation, and (3) a just valuation for taxation of all property.
The Indiana Tax Court, declares that is the law, not secrecy to steal from its citizen. No surprise white collar criminals are supported by mainstream. It's the other criminals we want to throw under the jail and yell we fight crime. yeah right.
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