The Assessor’s Office is responsible for estimating the market value in use for each parcel of real property in the county. Currently Hendricks County has over 76,000 parcels. The State of Indiana determines the procedures, rules and regulations that all 92 countries must adhere to in the development of estimates of market values in use. The estimate of value in use becomes the assessed value (AV). An assessed value is determined for each parcel on an annual basis.  The Assessment date is January 1st of every year.

 

The Assessor’s Office in addition to determining assessed values for real estate, is responsible for the development of Business Personal Property assessed values.  Hendricks County has approximately 7,000 business personal property parcels.

PRESS RELEASE

IMPORTANT INFORMATION FROM THE COUNTY ASSESSOR

Notice of Assessments for 2023 real property will be mailed on April 26th.

THIS IS NOT A TAX BILL

This is an annual assessment notice for 2023 payable 2024 taxes.  The amount of taxes due in 2024 cannot be calculated until tax rates are established.

Annual assessments are based on current market value.  To learn how your property is valued, refer to your specific property type below for more information. 

  • Residential (Homestead) Properties: As required by Indiana Code, your assessed value was calculated using the information listed on your Property Record Card (PRC) and comparable sales in your market area between January 1, 2022 and December 31, 2022.  The median assessment increase, county wide is 10%.  Please help us ensure the accuracy of your assessment by reviewing your property record card and comparable sales in the market area/neighborhood.   Use the QR code on the front of the form to review your PRC.  Also from this Beacon landing page, click on Comp Search at the top of the page, to search comparable sales.  Make sure to indicate the Sale Date to be 1/1/2022-12/31/2022. 
  • Residential Rental Properties: Market rents and the Gross Rent Multiplier (GRM) were updated for 2023.  Rental properties will always receive the lowest value, whether that is the cost approach or the GRM.  If we did not receive the requested Rental Data Worksheet for your rental property, we would value the property strictly at the cost approach.  As required by Indiana Code, if you wish to have your property valued using the income approach, you must submit your lease information and complete a Rental Data Worksheet.  This form is available at co.hendricks.in.us/assessor under the Forms tab on the left side of the page. 
  • Commercial & Industrial Properties: Commercial and Industrial properties are typically valued using the cost approach and trended annually.  If you wish to have your property valued using the income approach, you may be required to provide supplemental information for your property.  Contact the Commercial Dept at (317) 745-9419 or email tbutler@co.hendricks.in.us.

Cyclical Reassessment Information:  The purpose and goal of Cyclical Reassessment is to ensure that every parcel is assessed as equitably, accurately, and as fairly as possible.  We do this by researching, reviewing, and reassessing 25% of the county parcels annually, as required by Indiana Code.  This includes completing physical inspections or aerial reviews for outside changes to the parcel.  Permits are reviewed, as well as research of homes that are currently listed for sale, have previously sold, or have expired listings.  You may find the market area and year in which your property is scheduled for reassessment at www.co.hendricks.in.us/assessor, by clicking on Cyclical Reassessment on the left side of the page.

Deduction Information:  For information regarding the homestead deduction, over 65 deduction, and other deductions, contact the Auditor’s Office at 317-745-9300.

The Hendricks County Assessor’s Office strives to be as transparent as possible, while providing accurate and educational information to property owners.  I encourage you to visit our website for more information.