Indiana Code 6-1.1-31-5. True tax value; factors considered by assessing officials
(b) Assessing officials shall:
Terms Used In Indiana Code 6-1.1-31-5
- Appraisal: A determination of property value.
- Property: includes personal and real property. See Indiana Code 1-1-4-5
(2) use the property tax forms, property tax returns, and notice forms prescribed by the department; and
(3) collect and record the data required by the department.
(c) In assessing tangible property, the assessing officials may consider factors in addition to those prescribed by the department of local government finance if the use of the additional factors is first approved by the department. Each assessing official shall indicate on the official’s records for each individual assessment whether:
(1) only the factors contained in the department’s rules, forms, and returns have been considered; or
(2) factors in addition to those contained in the department’s rules, forms, and returns have been considered.
[Pre-1975 Property Tax Recodification Citations: 6-1-23-8; 6-1-26-1(c); 6-1-26-15; 6-1-26-16; 6-1-33-2; 6-1-33-7; 6-1-34-7 part.]
Formerly: Acts 1975, P.L.47, SEC.1. As amended by P.L.24-1986, SEC.22; P.L.6-1997, SEC.103; P.L.90-2002, SEC.221; P.L.1-2004, SEC.39 and P.L.23-2004, SEC.42; P.L.146-2008, SEC.271.