Statutes, codes, and regulations
Indiana Administrative Code
Title 50 - DEPARTMENT OF LOCAL GOVERNMENT FINANCEArticle 26 - COMPUTER STANDARDS FOR A UNIFORM AND COMMON PROPERTY TAX MANAGEMENT SYSTEM
Rule 50 IAC 26-7 - Property Tax and Billing Calculation Standards
Section 50 IAC 26-7-7 - Homestead eligibility

50 Ind. Admin. Code 26-7-7

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Current through December 12, 2024
Section 50 IAC 26-7-7 - Homestead eligibility

Authority: IC 6-1.1-31-1; IC 6-1.1-31.5-3.5

Affected: IC 6-1.1-12-37; IC 6-1.1-20.6; IC 6-1.1-31.5

Sec. 7.

Tax and billing software must be able to accept assessed value separated into the gross assessed value of each of the following:

(1) Land eligible for the one percent (1%) tax cap under the definition in IC 6-1.1-12-37.
(2) Improvements eligible for the one percent (1%) tax cap under the definition in IC 6-1.1-12-37.
(3) Land eligible for the two percent (2%) tax cap under the definitions in IC 6-1.1-20.6-0.5, IC 6-1.1-20.6-2.3, and IC 6 1.1-20.6-4.
(4) Improvements eligible for the two percent (2%) tax cap under the definitions in IC 6-1.1-20.6-0.5, IC 6-1.1-20.6-2.3, and IC 6-1.1-20.6-4.
(5) Land eligible for the three percent (3%) tax cap under the definition in IC 6-1.1-20.6-2.5.
(6) Improvements and personal property eligible for the three percent (3%) tax cap under the definition in IC 6-1.1-20.6-2.5.

50 IAC 26-7-7

Department of Local Government Finance; 50 IAC 26-7-7; filed Jan 28, 2011, 3:07 p.m.: 20110223-IR-050100165FRA
Readopted filed 10/4/2024, 4:04 p.m.: 20241030-IR-050230833RFA