Establishes a task force to study and recommend improvements to Indiana's real property assessment methods.

Indiana HB1329 establishes the real property assessment task force to review and recommend changes to Indiana's real property assessment methods. The task force will study other states' approaches, including the use of automated valuation model (AVM) systems, and consider the implications of changing Indiana's assessment standard from market value in use to fair market value. It will also examine the effectiveness of ratio studies and whether the office of county assessor should be eliminated.

Establishes a task force to study and recommend improvements to Indiana's real property assessment methods.

Indiana HB1329 establishes the real property assessment task force to review and recommend changes to Indiana's real property assessment methods. The task force will study other states' approaches, including the use of automated valuation model (AVM) systems, and consider the implications of changing Indiana's assessment standard from market value in use to fair market value. It will also examine the effectiveness of ratio studies and whether the office of county assessor should be eliminated.