The
County Assessor identifies, lists, and calculates the
assessed value of all real and personal property in those
areas of the County that are not maintained by individual
township assessor/trustees. |
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COUNTY
ASSESSOR
102 W Market Street, Suite 202
Bluffton, IN 46714
TELEPHONE:
(260) 824-6476
FAX:
(260) 824-6518
EMAIL:
assessor@wellscounty.org
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 Personal Property Assessment Approaching |
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The Wells County Assessor and all township assessors, are issuing a reminder to all personal property owners in Wells County, IN. March 1st is the lien date for all personal property in the State of Indiana. May 15th is the filing date for this property. To avoid a late penalty, a taxpayer must file a personal property return with the appropriate township assessor by May 15, 2006.
The penalty imposed for failure to file a timely personal property return is $25. If the return is not filed within thirty days of the filing date, there will be another penalty of 20% of the tax finally determined. IC 6-1.1-37-7.
Motor homes, travel trailers, truck campers, trailers over 3,000 lbs., snowmobiles and off-road vehicles, are to be reported to the township assessor. There is no need to report property that has had excise tax paid on it.
All business tangible property is also to be filed at this time. Leased property is included in these filing requirements. If the taxpayer has leased equipment in their possession or own property that has been leased to someone else, they must report this on a Form 103-N or 103-O.
Farmers must report all livestock, grain, machinery and equipment on hand as of March 1, 2006. This includes all leased equipment and machinery.
Wells County has eliminated the tax on inventory; however, the inventory must be included in the personal property filing. We must keep track of all inventory in order to replace the inventory assessed value with CEDIT. Otherwise, this amount will fall back on property tax.
Forms may be acquired from township assessors, the County Assessor’s Office or by clicking here.
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 Meetings |
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Township Trustee/Assessor
Informational Meeting
Thursday, February 22, 2007
7:00 PM
Commissioners' Room
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 Detailed
Functions |
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· Advises
and instructs the county's township assessors/trustees.
· Oversees
the general reassessment process.
· Serves
as member/secretary of the Property Tax Assessment Board
of Appeals.
· Insures
countywide uniform property assessment equalization.
· Acts
as the Inheritance Tax Appraiser and represents the Inheritance
Tax Division.
· Discovers
and identifies omitted property.
· Calculates
the total assessed value of each taxing district.
· Certifies
current assessments to the County Auditor's Office.
· Utilizes
recent sales of land to establish base market value in each
neighborhood, adjusts the base values for location, nearness
to amenities and other influence factors.
· Is
responsible for the selection of assessment software and
computer systems. |
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 The
Appeal Process |
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Should a property
owner disagree with their assessment, they are entitled
to an appeal. A review of the property record card is
important to ensure that the features of the property
have been reported correctly. These include square footage,
number of plumbing fixtures, finished and unfinished
attics and basements. Any discrepancy of the objective
portions of the assessment may be handled anytime. If,
however, there are subjective aspects of the assessment
that need to be appealed, a Form 130 should be filed
with the County Assessor for further review.
A Summary of the Various Levels of Appeal:
Within 45 days of the date of the Notice of Assessment
(Form 11), file the Form 130 with the County Assessor.
The Assessor will attempt to hold an informal hearing with
the taxpayer; if the appeal is not settled in the informal
hearing, the appeal then goes to the Property Tax Assessment
Board of Appeals (PTABOA).
Department of Local Government Finance:
If the taxpayer disagrees with the Final Determination
of the PTABOA, they may file an appeal (Form 131) with
the Department of Local Government Finance. This form
must be filed with the County Assessor within 30 days
of the Final Determination from the PTABOA. Along with
the Form 131, the taxpayer must submit a copy of the
appeal documents filed with the PTABOA and a copy of
their determination.
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 Inheritance
Tax Info |
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Time for Filing Inheritance
Tax Returns
For descendents dying after July 1, 2001, an
inheritance tax return is required to be filed within
nine months of the date of death rather than one year
as was previously required. The Probate Court still has
authority to extend the time for filing and to waive
the penalty for late filing.
Time for Payment of Inheritance Tax
For descendents dying on or after July 1, 2002,
payment of inheritance tax must be made within nine months
of the date of death to obtain the fiver percent discount.
Payments made more than one year after the date of death
are subject to interest from the date of death until
the date of payment at ten percent per annum for descendents
dying on or after July 1, 2001. The Probate Court still
has authority to reduce the amount of interest from ten
to six percent.
Time for Payment of Indiana Estate Tax and Indiana
Generation Skipping Transfer Tax
Payment of Indiana Estate Tax and Indiana Generation
Skipping Transfer Tax is one year after date of death
for descendents dying on or after July 1, 2001. For descendents
dying earlier, the due date is 18 months after the date
of death.
Affidavit of No Inheritance Tax Due
An affidavit of No Inheritance Tax Due may be used to
state that, after the exemptions, no inheritance tax
is due. Pursuant to 2001 legislation, the Department
and the County Assessor may rely on this affidavit in
determining whether a transfer of funds will jeopardize
collection of inheritance tax and if the County Assessor
should allow the transfer of funds.
Family Allowance
The family allowance provided by the I.C. 29-1-4-1
is now $25,000.
Inventory of Sale Deposit Boxes
Lockboxes no longer have to be inventoried at
descendent's death.
Exemptions and Rates
Class A Beneficiaries Exemptions:
Adult Child: $100,000
Minor Child: $100,000
Parent: $100,000
Other lineal ancestor or descendent: $100,000
Tax Rates
0 - $25,000:
1% of net taxable value
$25,000 - $49,999:
$250 plus 2% of net over $25,000 |
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 Real
Property Forms |
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 Personal
Property
 Forms |
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Click the forms below to download
the PDF version. Requires Adobe
Acrobat.
· FORM 105: Business Tangible Personal Property Return (Summary
of Returns)
· FORM 104: Business Tangible
Personal Property Return (Public)
· FORM 103S: Short Form Business
Tangible Personal Property Return (Confidential)
· FORM 103L: Long
Form Business Tangible Personal Property Return (Confidential)
· FORM 103C: Consolidated
Return - Business
Tangible Personal Property Return (Confidential)
· FORM 104C: Consolidated
Return - Business Tangible Personal Property Return (Public)
· FORM
103-I: Return
for Interstate Carriers
· FORM 133: Petition
for Correction of Error |
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 Inheritance
Tax Forms |
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 Township
Assessors |
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Chester Township
Garry Story
7898 S Meridian Rd
Poneto, IN 46781
(260) 694-6891 - Office
(260) 694-6562 - Home |
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Harrison Township
Becky Johnson
102 W Market St, Suite 105
Bluffton, IN 46714
(260) 824-6404 - Office
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Jackson Township
Marilyn Lieurance
10392 S St. Rd. 3
Montpelier, IN 47359
(765) 348-4610 - Home |
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Jefferson Township
Richard McCoy
802 N Jefferson St.
Ossian, IN 46777
(260) 622-6010 - Office
(260) 622-7272 - Home
(260) 622-6010 - Fax
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Lancaster Township
Wanda Lobsiger
915 N Main, Suite 7
Bluffton, IN 46714
(260) 824-9501 - Office
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Liberty Township
Diane Rockwell
0056 W. First St.
P.O. Box 56
Poneto, IN 46781
(260) 694-6181 - Home |
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Nottingham Township
Jim Uptgraft
3765 E 750 S
Keystone, IN 46759
(260) 346-2406 - Home |
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Rockcreek Township
Phylian Keefer
P.O. Box 311
5635 N 500 W
Markle, IN 46770
(260) 758-2080 - Home |
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Union Township
Brian Imel
8313 N 600 W
Markle, IN 46770
(260) 758-2426 - Home |
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