Indiana Code Title 6. Taxation § 6-1.1-8-25

Sec. 25.  (a) Each year the department of local government finance shall assess the distributable property which as of the assessment date of that year is owned or used by a public utility company.  The department of local government finance shall determine the assessed value of distributable property.  The department of local government finance shall equalize its assessments of distributable property in the same manner that it equalizes assessments of tangible property under IC 6-1.1-14.

(b) The department of local government finance shall distribute the assessed valuation of definite-situs distributable property to the taxing district in which the property is located.  Except as provided in section 35 of this chapter, the department of local government finance shall apportion and distribute the assessed valuation of indefinite-situs distributable property in the manner prescribed in sections 6 through 18 of this chapter.  However, this subsection does not apply to that distributable property which is taxed under section 35 of this chapter.