Brown County officials say the forced sale of a large number of Brown County land parcels due to unpaid taxes is not likely to affect property values in the area. Assessor Steve Gore says the impact of the sale should be mitigated by a large number of valuation appeals and the fact that many of the parcels are relatively small. He adds it’s difficult to predict the sale’s impact because the situation is still in flux.
“It’s a kind of a living, breathing, almost thing.” says Gore. ” It’s changing everyday, so we’ll see how it shakes out in the end.”
Indiana uses a market value assessment system, meaning changes in the value of a single property affect the value of other, similar properties. Gore says Brown County has about 16-thousand taxable parcels of land. Several hundred of those properties could go up for tax auction on October 14th.