{"data":{"id":"us-in/ic-6-1.1-9-3","jurisdiction":"us-in","citation":"IC 6-1.1-9-3","heading":"Increasing assessment; limitation; failure to file or fraudulent filing","body":"Sec. 3. (a) If a taxpayer files a personal property return for a particular year, personal property which is omitted from or undervalued on the return may be assessed, or its assessed value may be increased, only if the notice required under section 1 of this chapter is given within three (3) years after the date the return is filed. However, if the taxpayer's personal property return for a particular year substantially complies with the provisions of this article and the regulations of the department of local government finance, an assessing official or a county property tax assessment board of appeals may change the assessed value claimed by the taxpayer on the return only within the time period prescribed in IC 6-1.1-16-1.\n(b) If a taxpayer fails to file a personal property return for a particular year, the taxpayer's personal property may be assessed for that year only if the notice required by section 1 of this chapter is given within ten (10) years after the date on which the return for that year should have been filed.\n(c) If a taxpayer files a fraudulent personal property return, or fails to file a return with the intent to evade the payment of property taxes, the assessment limitations prescribed in subsections (a) and (b) do not apply.","path":["TITLE 6. TAXATION","ARTICLE 1.1. PROPERTY TAXES","Chapter 9. Assessment of Omitted or Undervalued Tangible Property"],"source_url":"https://iga.in.gov/ic/2026/Title_6.html#6-1.1-9-3","current_through":"2026","vintage":"2026","retrieved_at":"2026-09-09T01:51:39Z","sha256":"c9fb0616997390326f2ffe0bc290a939bba9ee74fe5d7915f0ff0dc8f4d84ef6","source_id":"us-in","stale":false,"prev":"us-in/ic-6-1.1-9-2","next":"us-in/ic-6-1.1-9-4"},"notice":"GroundRules: Original legal text. Not legal advice."}