§ 6-1.1-31-5 — True tax value; factors considered by assessing officials

Indiana § 6-1.1-31-5

• Jurisdiction: Indiana
• Art. 1.1: PROPERTY TAXES
• Ch. 31: Department of Local Government Finance─Adoption

Text

(a) Subject to this article, the rules adopted by
the department of local government finance are the basis for
determining the true tax value of tangible property.
(b) Assessing officials shall:
(1) comply with the rules, appraisal manuals, bulletins, and
directives adopted by the department of local government finance;
(2) use the property tax forms, property tax returns, and notice
forms prescribed by the department; and
(3) collect and record the data required by the department.
(c) In assessing tangible property, the assessing officials may
consider factors in addition to those prescribed by the department of
local government finance if the use of the additional factors is first
approved by the department. Each assessing official shall indicate on
the official's records for each individual assessment whether:
(1) only the factors contained in the department's rules, forms, and
returns have been considered; or
(2) factors in addition to those contained in the department's rules,
forms, and returns have been considered.
[Pre-1975 Property Tax Recodification Citations: 6-1-23-8;
6-1-26-1(c); 6-1-26-15; 6-1-26-16; 6-1-33-2; 6-1-33-7; 6-1-34-7
part.]
Formerly: Acts 1975, P.L.47, SEC.1. As amended by
P.L.24-1986, SEC.22; P.L.6-1997, SEC.103; P.L.90-2002, SEC.221;
P.L.1-2004, SEC.39 and P.L.23-2004, SEC.42; P.L.146-2008,
SEC.271.