6-1.1-4-38. Repealed
As added by P.L.1-2004, SEC.7 and P.L.23-2004, SEC.8. Repealed by P.L.1-2007, SEC.248.
6-1.1-4-39. Assessment of Rental Property and Mobile Homes; Low Income Rental Housing Exclusion
Sec. 39. (a) For assessment dates after February 28, 2005, except as provided in subsections (c) and (e), the true tax value of real property regularly used to rent or otherwise furnish residential accommodations for periods of thirty (30) days or more and that has more than four (4) rental units is the lowest valuation […]
6-1.1-4-39.5. Assessment of Qualified Real Property
Sec. 39.5. (a) As used in this section, “qualified real property” means a riverboat (as defined in IC 4-33-2-17). (b) Except as provided in subsection (c), the true tax value of qualified real property is the lowest valuation determined by applying each of the following appraisal approaches: (1) Cost approach that includes an estimated reproduction […]
6-1.1-4-40. Exclusion of Federal Income Tax Credits in the Determination of the Assessed Value of Low Income Housing Tax Credit Property
Sec. 40. The value of federal income tax credits awarded under Section 42 of the Internal Revenue Code may not be considered in determining the assessed value of low income housing tax credit property. As added by P.L.81-2004, SEC.58.
6-1.1-4-41. Assessment of Low Income Rental Housing
Sec. 41. (a) For purposes of this section, “low income rental property” means real property used to provide low income housing eligible for federal income tax credits awarded under Section 42 of the Internal Revenue Code, including during the time period during which the property is subject to an extended low income housing commitment under […]
6-1.1-4-42. True Tax Value of Golf Course Real Property Determined Using Income Capitalization; Information Provided by Golf Course Owners; Uniform Income Capitalization Tables; Department of Local Government Finance Administration
Sec. 42. (a) This section applies to assessment dates after January 15, 2010. (b) The following definitions apply throughout this section: (1) “Golf course” means an area of land predominately used to play the game of golf and associated yard improvements. A golf course consists of a series of holes, each consisting of a teeing […]
6-1.1-4-43. Repealed
As added by P.L.249-2015, SEC.8. Amended by P.L.149-2016, SEC.20. Repealed by P.L.204-2016, SEC.10.
6-1.1-4-43.5. Assessment of Certain Commercial Property; Cost Approach; Standard Construction Cost per Square Foot; Separate Account for Purposes of a Review
Effective 1-1-2023. Sec. 43.5. (a) This section applies to a commercial property with a structure, or a portion thereof, that: (1) is at least one hundred thousand (100,000) square feet in area; (2) is used for retail purposes; (3) is occupied by a single retailer; and (4) is assessed for the first time after December […]
6-1.1-4-44. Repealed
As added by P.L.249-2015, SEC.9. Repealed by P.L.204-2016, SEC.11.
6-1.1-4-44.5. Land Classified as Residential Excess Land; Application of an Influence Factor to Recognize Reduced Acreage Value
Sec. 44.5. (a) This section applies to a real property assessment: (1) for the 2015 assessment date and assessment dates thereafter; and (2) that includes land classified as residential excess land. (b) A county assessor may apply throughout the county an influence factor to recognize the reduced acreage value of residential excess land. The influence […]