Indiana Code 6-1.1-6.7-9. Assessment rate of filter strips; adjustment; ditch assessments
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Sec. 9. (a) Land that is classified under this chapter as a filter strip shall be assessed as follows:
(2) At the amount per acre determined in the following STEPS for general property taxation purposes, for an assessment date after January 1, 2017:
(1) At thirteen dollars and twenty-nine cents ($13.29) per acre for general property taxation purposes, for the January 1, 2017, assessment date.
Terms Used In Indiana Code 6-1.1-6.7-9
- filter strip: refers to a strip or an area of vegetation for removing sediment, organic matter and other pollutants from runoff and wastewater. See Indiana Code 6-1.1-6.7-1
- Property: includes personal and real property. See Indiana Code 1-1-4-5
- Year: means a calendar year, unless otherwise expressed. See Indiana Code 1-1-4-5
STEP ONE: Determine the amount per acre under this section for the immediately preceding assessment date.
STEP TWO: Multiply the STEP ONE amount by the result of:
(A) one (1); plus
(B) the annual percentage change in the Consumer Price Index for All Urban Consumers published by the federal Bureau of Labor Statistics for the calendar year preceding the calendar year before the assessment date.
(b) Notwithstanding subsection (a), ditch assessments on the classified land shall be paid.
As added by P.L.55-1991, SEC.1. Amended by P.L.180-2016, SEC.7.