Indiana Code 36-7.5-4.5-1. “Base assessed value”
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Sec. 1. As used in this chapter, “base assessed value” means:
(2) to the extent it is not included in subdivision (1), the net assessed value of property that is assessed as residential property under the rules of the department of local government finance, as finally determined for any assessment date after the effective date of the resolution.
(1) the net assessed value of all the taxable property located in a transit development district as finally determined for the assessment date immediately preceding the effective date of the resolution adopted under this chapter establishing the particular district; plus
Terms Used In Indiana Code 36-7.5-4.5-1
- department: refers to the department of state revenue. See Indiana Code 36-7.5-4.5-4
- district: refers to a transit development district established by the development authority under this chapter. See Indiana Code 36-7.5-4.5-6
- Property: includes personal and real property. See Indiana Code 1-1-4-5
As added by P.L.248-2017, SEC.10.