Indiana Statutes
§ 36-1-15-4 — Adjusted value
The adjusted value of the taxable property in
a political subdivision is equal to the result determined under STEP
TWO of the following formula:
STEP ONE: Determine the value of the taxable property within
the political subdivision for the last assessment for state and
county taxes using one hundred percent (100%) of true tax value.
STEP TWO: Divide the STEP ONE amount by three (3).
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Legislative History
As added by P.L.6-1997, SEC.203.
Nearby Sections
15
§ 36-1-10-1
Application of chapter§ 36-1-10-10
Plans, specifications, and estimates for structures, systems, and
transportation projects§ 36-1-10-11
Property held in fee simple; sale procedure§ 36-1-10-12
Lease in anticipation of acquisition or construction of structure, system,
or transportation project§ 36-1-10-13
Hearing; procedure; execution of lease§ 36-1-10-17
Annual appropriation and tax levy§ 36-1-10-18
Tax exemption of leased structures, systems, and transportation
projects; taxation of rental paid lessor§ 36-1-10-19
Assignment or conveyance of lease; conveyance of structure, system,
or transportation project§ 36-1-10-2
Definitions§ 36-1-10-20
Repealed