Indiana Statutes
§ 6-4.1-5-1.5 — Fair market value; appraisal date
Indiana § 6-4.1-5-1.5
This text of Indiana § 6-4.1-5-1.5 (Fair market value; appraisal date) 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 § 6-4.1-5-1.5 (2026).
Text
5.
(a)For purposes of determining the fair
market value of each property interest transferred by a decedent, the
appraisal date for the property interest is the date used to value the
property interest for federal estate tax purposes. However, if no federal
estate tax return is filed for the decedent's estate, the appraisal date for
each property interest transferred by the decedent is the date of the
decedent's death.
(b)The finally determined federal estate tax value of a property
interest is presumed to be the fair market value of the property interest
for Indiana inheritance tax purposes, unless the federal estate tax value
is determined under Section 2032A of the Internal Revenue Code.
However, the presumption is rebuttable. A property interest that is
valued for federal estate tax
Free access — add to your briefcase to read the full text and ask questions with AI
Related
Estate of Hibbs v. Indiana Department of State Revenue, Inheritance Tax Division
636 N.E.2d 204 (Indiana Tax Court, 1994)
In Re Estate of Young
851 N.E.2d 393 (Indiana Tax Court, 2006)
In Re Estate of Grimm
705 N.E.2d 483 (Indiana Court of Appeals, 1999)
Indiana Department of State Revenue, Inheritance Tax Division v. Estate of Parker
924 N.E.2d 230 (Indiana Tax Court, 2010)
Indiana Department of State Revenue v. Keenan
42 N.E.3d 1056 (Indiana Tax Court, 2015)
Indiana Department of State Revenue v. Estate of Ogle
923 N.E.2d 493 (Indiana Tax Court, 2010)
Indiana Department of State Revenue, Inheritance Tax Division v. James F. Keenan and Wells Fargo Bank, N.A., as Co-Personal Representatives of the Estate of Judd Leighton
(Indiana Tax Court, 2015)
Indiana Department of State Revenue, Inheritance Tax Division v. The Estate of Orville J. Rauch
62 N.E.3d 482 (Indiana Tax Court, 2016)
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Repealed§ 6-1.1-1-14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 § 6-4.1-5-1.5, Counsel Stack Legal Research, https://law.counselstack.com/statute/in/6-4.1-5-1.5.