assessment of omitted or undervalued property

Term	Definition
assessment of omitted or undervalued property	Whenever any county auditor, treasurer, township assessor, county assessor, or county property tax assessment board believes that any taxable tangible property has been omitted from or undervalued on the assessment rolls or the tax duplicate, for any year or years, the official or board shall give written notice, served on or transmitted by mail, to the taxpayer of the intention of the official or board to assess or to increase the assessed valuation of such property describing it in general terms. [IC 6-1.1-9-1; 6-1.1-9-2] To add omitted property to the tax duplicate after same has been delivered to the treasurer, it is suggested that the county auditor enter the assessment and the taxes thereon on a sheet in the tax duplicate following the last item of original entry in the proper taxing district. Such added items are generally known as "auditor's assessments." Collections on such "auditor's assessments" are handled in the same manner as other tax collections.

Term

Definition

Whenever any county auditor, treasurer, township assessor, county assessor, or county property tax assessment board believes that any taxable tangible property has been omitted from or undervalued on the assessment rolls or the tax duplicate, for any year or years, the official or board shall give written notice, served on or transmitted by mail, to the taxpayer of the intention of the official or board to assess or to increase the assessed valuation of such property describing it in general terms. [IC 6-1.1-9-1; 6-1.1-9-2] To add omitted property to the tax duplicate after same has been delivered to the treasurer, it is suggested that the county auditor enter the assessment and the taxes thereon on a sheet in the tax duplicate following the last item of original entry in the proper taxing district. Such added items are generally known as "auditor's assessments." Collections on such "auditor's assessments" are handled in the same manner as other tax collections.