§ 5-28-26-1 — "Base assessed value"

Indiana § 5-28-26-1

• Jurisdiction: Indiana
• Title 5: STATE AND LOCAL ADMINISTRATION
• Art. 28: INDIANA ECONOMIC DEVELOPMENT
• Ch. 26: Global Commerce Center Pilot Program

Text

As used in this chapter, "base assessed value"
means:
(1) the net assessed value of all the taxable property located in a
global commerce center as finally determined for the assessment
date immediately preceding the effective date of the allocation
provision of a resolution adopted under section 18 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 global commerce center, as finally determined for the
current assessment date.

Legislative History

As added by P.L.203-2005, SEC.2. Amended by P.L.257-2019, SEC.10.