§ 6-1.1-8-24 — Township assessor or county assessor determination of assessed values

Indiana § 6-1.1-8-24

• Jurisdiction: Indiana
• Art. 1.1: PROPERTY TAXES
• Ch. 8: Taxation of Public Utility Companies

Text

(a) Each year, a township assessor, or the
county assessor if there is no township assessor for the township, shall
assess the fixed property that as of the assessment date of that year is:
(1) owned or used by a public utility company; and
(2) located in the township or county.
(b) The township or county assessor shall determine the assessed
value of fixed property. A township assessor shall certify the assessed
values to the county assessor on or before April 1 of the year of
assessment. However, in a county with a township assessor in every
township, the township assessor shall certify the list to the department
of local government finance. The county assessor shall review the
assessed values and shall certify the assessed values to the department
of local government finance on or before April 10 of that year.
(c) This subsection applies to assessment dates after December 31,
2021. The land portion of the fixed property of a utility grade solar
energy installation facility shall be assessed at an amount that does not
exceed the solar land base rate for the region in which the property is
located.
(d) Assessing officials shall follow the normal guidelines and
procedures as are applicable under IC 6-1.1-20.6.
(e) This subsection applies to a utility grade solar energy installation
facility:
(1) that had the land portion of its fixed property assessed and
valued on January 1, 2021, for property taxes first due and
payable in 2022; and
(2) for assessment dates after December 31, 2021, but only until
the next planned reassessment of the property during the county's
four (4) year reassessment cycle under IC 6-1.1-4-4.2.
If, for an assessment date described in subdivision (2), the assessed
value of the land portion of the fixed property of a utility grade solar
energy installation facility described in this subsection for the January
1, 2021, assessment date is less than the solar land base rate for the
region in which the property is located on a particular assessment date,
the land portion of the fixed property of a utility grade solar energy
installation facility shall be assessed at an amount equal to the assessed
value determined for the January 1, 2021, assessment date.
[Pre-1975 Property Tax Recodification Citations: 6-1-44-2
part; 6-1-44-11 part; 6-1-44-12 part.]
Formerly: Acts 1975, P.L.47, SEC.1. As amended by
P.L.24-1986, SEC.11; P.L.6-1997, SEC.31; P.L.90-2002, SEC.75;
P.L.88-2005, SEC.10; P.L.146-2008, SEC.98; P.L.191-2021,
SEC.2.