Indiana § 6-1.1-12.1-15 Correction of deduction errors

Indiana Statutes

§ 6-1.1-12.1-15 — Correction of deduction errors

Indiana § 6-1.1-12.1-15

Art. 1.1PROPERTY TAXES

Ch. 12.1Deduction for Rehabilitation or Redevelopment of

This text of Indiana § 6-1.1-12.1-15 (Correction of deduction errors) is published on Counsel Stack Legal Research, covering Indiana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ind. Code § 6-1.1-12.1-15 (2026).

Text

(a)If:

(1)as the result of an error by a taxpayer the county auditor applies a deduction under this chapter for a particular assessment date in an amount that is less than the amount to which the taxpayer is entitled under this chapter; and

(2)the taxpayer is entitled to a correction of the error under this article; the county auditor shall apply the correction of the error as provided in this section.

(b)With respect to a deduction based on an increase in the assessed value of real property, the county auditor shall apply a deduction from the assessed value of the real property:

(1)except as provided in subsection (d), for the assessment date that next succeeds the last assessment date for which a deduction under this chapter would apply without regard to this section based on that i

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(a) If:
(1) as the result of an error by a taxpayer the county auditor
applies a deduction under this chapter for a particular assessment
date in an amount that is less than the amount to which the
taxpayer is entitled under this chapter; and
(2) the taxpayer is entitled to a correction of the error under this
article;
the county auditor shall apply the correction of the error as provided in
this section.
(b) With respect to a deduction based on an increase in the assessed
value of real property, the county auditor shall apply a deduction from
the assessed value of the real property:
(1) except as provided in subsection (d), for the assessment date
that next succeeds the last assessment date for which a deduction
under this chapter would apply without regard to this section
based on that increase; and
(2) except as provided in subsection (c), in the amount of the
lesser of:
(A) the remainder of:
(i) the amount of the deduction to which the taxpayer is
entitled under this chapter for the particular assessment date
under subsection (a); minus
(ii) the amount of the deduction that was applied for that
assessment date; or
(B) the assessed value of the real property for the assessment
date for which the correction applies.
(c) If the county auditor applies an incorrect deduction as described
in subsection (a) for more than one (1) assessment date, the county
auditor shall:
(1) combine the amounts of deduction corrections determined
under subsection (b)(2)(A) for all of the assessment dates for
which incorrect deductions were applied; and
(2) except as provided in subsection (d), apply that combined
amount as a deduction for the assessment date referred to in
subsection (b)(1) in the manner described in subsection (b)(2).
(d) If:
(1) the remainder determined under subsection (b)(2)(A); or
(2) the combined amount of deduction corrections under
subsection (c)(1);
exceeds the assessed value referred to in subsection (b)(2)(B), the
county auditor shall carry the excess over as assessed value deductions
for the immediately succeeding assessment date or dates.
(e) With respect to a deduction based on an increase in the assessed
value of personal property, the county auditor shall apply deduction
corrections in the manner provided in subsections (a) through (d),
except that the assessed value and deduction determinations apply to
the taxpayer's personal property return.
(f) A taxpayer is not required to file an application for a deduction
under this section.