Indiana Statutes
§ 6-1.1-8-40 — Omitted property; rate of assessment; interest
Indiana § 6-1.1-8-40
This text of Indiana § 6-1.1-8-40 (Omitted property; rate of assessment; interest) 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 § 6-1.1-8-40 (2026).
Text
When the department of local government
finance assesses distributable property which was omitted from the
assessment for a particular year, the department shall, as nearly as
possible, assess the omitted distributable property in the same manner
that the department assesses other distributable property. The taxes due
on the omitted distributable property shall be calculated by using the
same tax rates which were applicable for the tax year that the
distributable property was omitted from the assessment. The public
utility company shall pay interest on the taxes due on the omitted
distributable property at the rate of two percent (2%) per month, or
fraction of a month. The interest due shall be calculated on the period
of time beginning with January 1 of the year following the year in
whic
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Nearby Sections
15
§ 6-1.1-1-1
Applicability§ 6-1.1-1-1.5
"Assessing official"§ 6-1.1-1-10
"Person"§ 6-1.1-1-11
"Personal property"§ 6-1.1-1-12
"Political subdivision"§ 6-1.1-1-13
Repealed§ 6-1.1-1-14
"Property taxation"§ 6-1.1-1-15
"Real property"§ 6-1.1-1-16
"School corporation"§ 6-1.1-1-17
"Special assessment"§ 6-1.1-1-18
"State agency"§ 6-1.1-1-19
"Tangible property"§ 6-1.1-1-2
"Assessment date"§ 6-1.1-1-20
"Taxing district"§ 6-1.1-1-21
"Taxing unit"Cite This Page — Counsel Stack
Bluebook (online)
Indiana § 6-1.1-8-40, Counsel Stack Legal Research, https://law.counselstack.com/statute/in/6-1.1-8-40.