§ 6-1.1-8-27 — Certification of assessed value; notification of appeal; review by county assessor; exemption for certain broadband assets

Indiana § 6-1.1-8-27

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

Text

(a) On or before July 1 of each year, the
department of local government finance shall certify to the county
assessor and the county auditor of each county the distributable
property assessed values which the department determines are
distributable to the taxing districts of the county. In addition, if a public
utility company has appealed the department of local government
finance's assessment of the company's distributable property, the
department shall notify the county auditor of the appeal.
(b) The county assessor shall review the department of local
government finance's certification under subsection (a) to determine if
any of a public utility company's property which has a definite situs in
the county has been omitted. The county auditor shall enter for taxation
the assessed valuation of a public utility company's distributable
property which the department distributes to a taxing district of the
county.
(c) The county assessor may exempt designated infrastructure
development zone broadband assets. This includes the eligible
broadband infrastructure assets located in a designated infrastructure
development zone of a centrally assessed telephone company or cable
company (as defined in section 2(15) of this chapter).
(d) A centrally assessed telephone company or cable company (as
defined in section 2(15) of this chapter) that makes eligible
infrastructure investments in a designated infrastructure development
zone established under the provisions of IC 6-1.1-12.5-5 in facilities
and technologies used:
(1) in the deployment and transmission of broadband service;
(2) in advanced services that increase the availability of
broadband service;
(3) in advanced service; or
(4) under any combination of subdivisions (1), (2), or (3);
is exempt from property taxation as set forth under IC 6-1.1-12.5-5.
(e) Upon conclusion of the certification process by the department
of local government finance under this section, the centrally assessed
telephone company or cable company (as defined in section 2(15) of
this chapter) shall produce and submit, not later than July 1 of each
assessment year, an annual report to the county assessor that includes
sufficient information necessary for the county assessor or county
auditor to identify the broadband infrastructure investments that are
eligible to be exempt from property taxes.
(f) The county auditor shall reduce the department of local
government finance's certified values for each applicable state assessed
personal property record that qualifies for the exemption prior to the
certification of the county's net assessed values to the department. This
shall include the certified values for the centrally assessed telephone
company or cable company (as defined in section 2(15) of this chapter.
[Pre-1975 Property Tax Recodification Citations: 6-1-44-11
part; 6-1-44-15 part.]
Formerly: Acts 1975, P.L.47, SEC.1. As amended by
P.L.90-2002, SEC.78; P.L.256-2003, SEC.2; P.L.111-2014, SEC.18;
P.L.148-2015, SEC.3; P.L.174-2022, SEC.10; P.L.236-2023,
SEC.19.