§ 36-7-32-4 — "Base assessed value"

Indiana § 36-7-32-4

• Jurisdiction: Indiana
• Title 36: LOCAL GOVERNMENT
• Art. 7: PLANNING AND DEVELOPMENT
• Ch. 32: Certified Technology Parks

Text

(a) As used in this chapter, "base assessed
value" means, subject to subsection (b):
(1) the net assessed value of all the taxable property located in a
certified technology park as finally determined for the assessment
date immediately preceding the effective date of the allocation
provision of a resolution adopted under section 15 of this chapter;
plus
(2) to the extent it is not included in subdivision (1), the net
assessed value of property that is assessed as residential property
under the rules of the department of local government finance,
within the certified technology park, as finally determined for the
current assessment date.
(b) If a redevelopment commission adopts a resolution designating
a certified technology park as an allocation area and the redevelopment
commission makes either of the filings required under section 15(d) of
this chapter after the first anniversary of the effective date of the
allocation provision, the auditor of the county in which the unit is
located shall compute the base assessed value for the allocation area
using the assessment date immediately preceding the later of:
(1) the date on which the documents are filed with the county
auditor; or
(2) the date on which the documents are filed with the department
of local government finance.

Legislative History

As added by P.L.192-2002(ss), SEC.187. Amended by P.L.214-2019, SEC.53; P.L.257-2019, SEC.143; P.L.156-2020, SEC.144.