Under-assessed property costing Vigo County almost $2 million in missing revenue

The Vigo County Assessor says undervalued personal property assessments are costing the county money.

Posted: Mar 12, 2019 6:43 PM
Updated: Mar 13, 2019 9:24 AM

VIGO COUNTY, Ind. (WTHI) - The Vigo County Assessor says undervalued personal property assessments are costing the county money.

State law requires business owners to do self-assessments on personal property, that includes things like equipment and office materials.

The county assessor says a report shows Vigo County has about $811 million in under-assessed property. That translates to about $1.7 million in missing revenue.

On Tuesday, the assessor talked with county commissioners about addressing that loss.

He wants a firm to perform an audit. It would allow a company to help locate the underreported personal property.

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