Sec. 5. (a) Subject to this article, the rules adopted by the department of local government finance are the basis for determining the true tax value of tangible property.
(b) Assessing officials shall:
(1) comply with the rules, appraisal manuals, bulletins, and directives adopted by the department of local government finance;
(2) use the property tax forms, property tax returns, and notice forms prescribed by the department; and
(3) collect and record the data required by the department.
(c) In assessing tangible property, the assessing officials may consider factors in addition to those prescribed by the department of local government finance if the use of the additional factors is first approved by the department. Each assessing official shall indicate on the official's records for each individual assessment whether:
(1) only the factors contained in the department's rules, forms, and returns have been considered; or
(2) factors in addition to those contained in the department's rules, forms, and returns have been considered.
[Pre-1975 Property Tax Recodification Citations: 6-1-23-8; 6-1-26-1(c); 6-1-26-15; 6-1-26-16; 6-1-33-2; 6-1-33-7; 6-1-34-7 part.]
Formerly: Acts 1975, P.L.47, SEC.1. As amended by P.L.24-1986, SEC.22; P.L.6-1997, SEC.103; P.L.90-2002, SEC.221; P.L.1-2004, SEC.39 and P.L.23-2004, SEC.42; P.L.146-2008, SEC.271.
Structure Indiana Code
Chapter 31. Department of Local Government Finance─adoption of Rules, Forms, and Returns
6-1.1-31-1. Duties of Department; Rules
6-1.1-31-4. Copies of Promulgations
6-1.1-31-5. True Tax Value; Factors Considered by Assessing Officials
6-1.1-31-7. Assessment of Personal Property; Classification
6-1.1-31-8. Exchange of Information With Other States or United States
6-1.1-31-9. Reassessment; Adoption of Rules
6-1.1-31-11.5. Rules Governing Practice of Representatives in Proceedings
6-1.1-31-12. Rules Governing Reduction and Increase of Assessed Valuations