50 Ind. Admin. Code 22-6-1

Current through November 6, 2024

Section 50 IAC 22-6-1 - Decreases in assessed value

Authority: IC 6-1.1-12.4-13

Affected: IC 6-1.1-12.4-2; IC 6-1.1-12.4-3

Sec. 1.

If the assessed value of real property or personal property receiving the investment deduction is subsequently decreased as the result of an appeal, or by other action of an assessing official, the amount of the investment deduction shall be adjusted by the township assessor to reflect the percentage decrease that results from the change and submitted to the county auditor. Other actions of an assessing official include, but are not limited to, the following:

(1) General reassessment.

(2) Annual adjustments.

(3) The processing of an amended personal property return.

50 IAC 22-6-1

Department of Local Government Finance; 50 IAC 22-6-1; filed Jun 15, 2006, 11:25 a.m.: 20060712-IR-050050144FRA