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Indiana Code Title 36. Local Government § 36-1-15-4

Current as of January 02, 2024 | Updated by Findlaw Staff

Sec. 4. The adjusted value of the taxable property in a political subdivision is equal to the result determined under STEP TWO of the following formula:

STEP ONE:  Determine the value of the taxable property within the political subdivision for the last assessment for state and county taxes using one hundred percent (100%) of true tax value.

STEP TWO:  Divide the STEP ONE amount by three (3).

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Cite this article: FindLaw.com - Indiana Code Title 36. Local Government § 36-1-15-4 - last updated January 02, 2024 | https://codes.findlaw.com/in/title-36-local-government/in-code-sect-36-1-15-4/

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