§ 34-55-4-3 Appraisers; selection; duties

Codes > Indiana Code > Title 34 > Article 55 : Chapter 4 > 34-55-4-3 Appraisers;

34-55-4-3 Appraisers; selection; duties

    Sec. 3. (a) For the purpose of appraising the cash value of property:

        (1) two (2) disinterested householders of the neighborhood where the levy is made shall be selected as appraisers, one (1) of whom shall be selected by each of the parties or their agents; or

        (2) in the absence of either party or the party's agent, or upon the failure or refusal of either party after three (3) days notice by the sheriff, to make the selection, the sheriff shall proceed to select the appraisers.

    (b) The appraisers shall immediately proceed to appraise the property according to its cash value at the time, deducting liens and encumbrances. In case of their disagreement as to the value, the sheriff shall select a like disinterested appraiser, and, with the disinterested appraiser's assistance, shall complete the valuation. The appraisement of any two (2) of them shall be considered the cash value.