Indiana § 36-7.5-4.5-1 "Base assessed value"

Indiana Statutes

§ 36-7.5-4.5-1 — "Base assessed value"

Indiana § 36-7.5-4.5-1

Title 36LOCAL GOVERNMENT

Art. 7.5NORTHWEST INDIANA REGIONAL

Ch. 4.5Rail Transit Development Districts

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Bluebook

Ind. Code § 36-7.5-4.5-1 (2026).

Text

As used in this chapter, "base assessed value" means:

(1)the net assessed value of all the taxable property located in a transit development district as finally determined for the assessment date immediately preceding the effective date of the resolution adopted under this chapter establishing the particular district; 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, as finally determined for any assessment date after the effective date of the resolution.

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As used in this chapter, "base assessed
value" means:
(1) the net assessed value of all the taxable property located in a
transit development district as finally determined for the
assessment date immediately preceding the effective date of the
resolution adopted under this chapter establishing the particular
district; 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, as
finally determined for any assessment date after the effective date
of the resolution.