FYI, that was under the old system the the Indiana Supreme Court ruled unconstitutional and set in motion the changes we have now.On new castle our was assessed for 15% more than we paid on open market in 2004. I challenged it to be reduced to sale price and assessor refused.
Him: what is your house really worth?
Me: what someone will pay me for it
Him: (pause) no, what it will cost to replace.
Nonsense.