Retentive readers will recall gross assessed value (GAV) is purported to approximate the market value of all taxable residential, commercial, industrial, and agriculture properties.
Sum up the GAV of all the properties in your county and youâll have the countyâs GAV. The sum of the counties would tell us the desirability of Indiana as a place to live and operate a business.
If GAV is all these things, it should be a target metric for state and local economic developers. GAV may not be comparable across state lines, but it should be comparable across county lines. If county assessors are following the manual of the Department of Local Government Finance, and if DLGF is auditing those valuations, the following should be of interest.
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