All real property in the State of Indiana will be revalued this year for the March 1, 2012, assessment date for taxes payable in 2013. The new assessment will be premised on the market value in use of the property as of March 1, 2012. The general reassessment process is under way, and assessing officials have been inspecting properties and gathering data for the past few months. We anticipate that most of the new values will be announced in the fall with a Notice of Assessment. Taxpayers will have a window of only 45 days within which to file an appeal contesting the new value. Taxpayers should be aware of changes and appeal deadlines in Indiana — and closely review new assessments.