The first step in the assessment to tax billing process includes the completion of property assessments, which culminates with the submission of a ratio study. This study is the comparison between property sales prices and assessed values in the county. This ensures that market values are being used to determined assessed values. Marshall County’s ratio study was submitted on June 14 and approved by the DLGF a few days later.
Once the study is approved, the assessor send the gross assessed values to the county auditor who applied exemptions, deductions, or abatements to determine the net assessed values. Those were submitted Aug. 23. The county auditor will now calculate tax bills and the treasurer will mail them to taxpayers no later than Apr. 25 with a due date of May 10.
According to Auditor Penny Lukenbill, no budget cuts were ordered for Marshall County.