New property tax assessment could have bigger impact on the city
PLYMOUTH - Residents of Plymouth could be in for a surprise in
their tax bill for the coming year. Plymouth Clerk-Treasurer
Toni Hutchings gave some numbers to the Plymouth Common Council
Monday that point to what could be a difficult tax season.
Marshall County had a reassessment of property in 2012 for taxes
to be paid in 2013. The reassessment is the first in Indiana
since 2002. The numbers coming back have given Hutchings a
reason for concern. The property tax rate for residents of the
city of Plymouth will jump from 2.5448 to 2.8582 per $100 of
assessed value. “That number really surprised a lot of people,”
said Hutchings. Maybe a bigger surprise was the drop in assessed
property value in the city from $439,535,587 to $376,541,798 - a
drop of almost $63,000,000. “Ordinarily the assessed value goes
up, this was a real surprise to all of us,” said Hutchings. “In
2006, they started doing a thing called ‘trending’ which watches
changes so that