1. Rolling Reassessment sm : Indiana Style AIC Annual Meeting French Lick Resort Hotel September 30, 2009 Presented by Jeff Wuensch, Nexus Group

2. September 30, 2009Nexus Group2 Trending v. Rolling Reassessment sm Annual Trending All properties within a neighborhood, market area, or property class change by the same percentage. For example, sales data indicates values increasing by 2% in a neighborhood, regardless of individual property status. Result: All properties will change by the same percentage (all increase, decrease or remain the same).

3. September 30, 2009Nexus Group3 Trending v. Rolling Reassessment sm Rolling Reassessment sm Step 1: Individual properties are site visited and assessed in a neighborhood, tax district, property class, etc. Step 2: After individual changes are made, neighborhood is trended using sales data. Result: Properties will change by different percentages.

4. September 30, 2009Nexus Group4 Advantages of Rolling Reassessment sm More Accuracy & Uniformity Assessments & Tax Distribution With trending, unique sales (foreclosures, rehabbed homes, etc.) can impact all property values in a neighborhood. Tax Caps & AV Discovery Counties at the cap can reduce/eliminate budget cuts. Individual reductions for specific properties rather than an entire area or neighborhood. Reduction in Appeals Accuracy & Uniformity = Less Appeals

5. September 30, 2009Nexus Group5 Rush County Annual Appeals 2002 - 2009

6. September 30, 2009Nexus Group6 Rolling Reassessment sm Counties Allen (2005)Jasper (2008) Clark (2007)Knox (2007) Grant (2008)LaPorte (2004) Hancock (2003)Monroe (2003) Harrison (2007)Rush (2003) Hendricks (2006)Tipton (2003) Henry (2003)