Sec. 24. (a) Except as provided in subsection (b), in determining the assessed value of various sizes of outdoor advertising signs, a taxpayer and assessing official shall use the following table without any adjustments:

 

Single Pole Structure

    Type of Sign                                          Value Per Structure

 

At least 48 feet, illuminated

$5,000

 

At least 48 feet, non-illuminated

$4,000

 

At least 26 feet and under 48 feet, illuminated

$4,000

 

At least 26 feet and under 48 feet,

 

non-illuminated

$3,300

 

Under 26 feet, illuminated

$3,200

 

Under 26 feet, non-illuminated

$2,600

    Other Types of Outdoor Signs

 

 

At least 50 feet, illuminated

$2,500

 

At least 50 feet, non-illuminated

$1,500

 

At least 40 feet and under 50 feet, illuminated

$2,000

 

At least 40 feet and under 50 feet,

 

non-illuminated

$1,300

 

At least 30 feet and under 40 feet, illuminated

$2,000

 

At least 30 feet and under 40 feet,

 

non-illuminated

$1,300

 

At least 20 feet and under 30 feet, illuminated

$1,600

 

At least 20 feet and under 30 feet,

 

non-illuminated

$1,000

 

Under 20 feet, illuminated

$1,600

 

Under 20 feet, non-illuminated

$1,000

     (b) Beginning with the 2018 assessment date for taxes first due and payable in 2019, the assessed values in the table set forth in subsection (a) shall be adjusted on a quadrennial basis by an amount equal to the average of the annual percentage changes in the Core Personal Consumption Expenditures Price Index using the four (4) most recent calendar years for which data is available. However, the adjustment may not result in a change of more than three percent (3%) from the previous assessed values determined under this section.

As added by P.L.137-2012, SEC.13. Amended by P.L.257-2013, SEC.2; P.L.249-2015, SEC.5; P.L.255-2017, SEC.5.

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