Indiana Code 6-1.1-4-18.5. Professional appraisal; contract for services; bids required
(1) includes all of the provisions required under section 19.5(b) of this chapter; and
Terms Used In Indiana Code 6-1.1-4-18.5
- Appraisal: A determination of property value.
- Contract: A legal written agreement that becomes binding when signed.
- professional appraiser: means an individual or firm that is certified under Indiana Code 6-1.1-4-17
- Property: includes personal and real property. See Indiana Code 1-1-4-5
(b) No contract shall be made with any professional appraiser to act as technical advisor in the assessment of property, before the giving of notice and the receiving of bids from anyone desiring to furnish this service. Notice of the time and place for receiving bids for the contract shall be given by publication by one (1) insertion in two (2) newspapers of general circulation published in the county and representing each of the two (2) leading political parties in the county. If only one (1) newspaper is there published, notice in that one (1) newspaper is sufficient to comply with the requirements of this subsection. The contract shall be awarded to the lowest and best bidder who meets all requirements under law for entering a contract to serve as technical advisor in the assessment of property. However, any and all bids may be rejected, and new bids may be asked.
(c) The county council of each county shall appropriate the funds needed to meet the obligations created by a professional appraisal services contract which is entered into under this chapter.
(d) A county assessor who enters into a contract with a professional appraiser shall submit a contract to the department through the Indiana transparency Internet web site in the manner prescribed by the department. The county shall upload the contract not later than thirty (30) days after execution of the contract.
(e) The department may review any contracts uploaded under subsection (d) to ensure compliance with section 19.5 of this chapter.
As added by P.L.198-2001, SEC.13. Amended by P.L.146-2008, SEC.72; P.L.257-2019, SEC.15; P.L.236-2023, SEC.17.