Umbaugh It's all about experience

(888) 516 9594

Natural Disaster Levy Appeal

By Paige E. Sansone, CPA, Partner, March 05, 2018

Many communities throughout the State are suffering loss due to flood damage and facing expensive clean-up efforts.  After emergency management is complete, finance officers will turn toward financial recovery for extraordinary costs.  Fortunately, State Law allows for a temporary increase in property taxes to pay costs related to a natural disaster.  Per Indiana code, civil taxing units (excluding school corporations) can file an excess levy appeal with the Department of Local Government Finance (DLGF) by October 19, 2018 for taxes payable in 2019. 

A levy increase could be granted for one year to reimburse or pay for costs associated with flood damage and clean up. A successful appeal will require careful tracking of all expenses related to flood damage so information can be itemized and included with the DLGF’s levy appeal application. In addition, like any other levy appeal, the unit must demonstrate financial need. 

Umbaugh will review this information and the process in detail at the upcoming Spring Budget workshops (offered in conjunction with AIM).     

If you have questions, need assistance with excess levy appeals or any other budgetary planning, please contact us at .(JavaScript must be enabled to view this email address).

Information in this article was believed current as of the date of publication. As you know, changes occur frequently. The information presented is of a general educational nature. Before applying to your specific circumstances, please contact us at vision@umbaugh.com.


Categories


Newsletter Sign-Up

To receive our Vision Newsletters please provide us with your email address: