Sec. 14. Land which is classified under this chapter as native forest land, a forest plantation, or wildlands shall be assessed as follows:
(1) At thirteen dollars and twenty-nine cents ($13.29) per acre for general property taxation purposes, for the January 1, 2017, assessment date.
(2) At the amount per acre determined in the following STEPS for general property taxation purposes, for an assessment date after January 1, 2017:
STEP ONE: Determine the amount per acre under this section for the immediately preceding assessment date.
STEP TWO: Multiply the STEP ONE amount by the result of:
(A) one (1); plus
(B) the annual percentage change in the Consumer Price Index for All Urban Consumers published by the federal Bureau of Labor Statistics for the calendar year preceding the calendar year before the assessment date.
[Pre-1975 Property Tax Recodification Citation: 6-8-2-4.]
Formerly: Acts 1975, P.L.47, SEC.1. As amended by P.L.186-2003, SEC.13; P.L.66-2006, SEC.14; P.L.180-2016, SEC.5.
Structure Indiana Code
Chapter 6. Assessment of Certain Forest Lands
6-1.1-6-3.5. Restrictions on Use of Classified Land
6-1.1-6-4. Nontimber Producing Trees
6-1.1-6-5. Size Restrictions of Classified Land Parcel
6-1.1-6-5.5. Revised Application With State Forester
6-1.1-6-6. Classification Not Permitted if Building Is on Parcel
6-1.1-6-7. Classification Not Permitted if Grazing on Parcel
6-1.1-6-11. Applications for Classification; Signatures
6-1.1-6-12. Approval of Applications
6-1.1-6-13. Recording Approved Application
6-1.1-6-14. Rate of Assessment; Adjustment
6-1.1-6-15. Minerals on Land; Assessment
6-1.1-6-16. Timber and Wildlife Management Standards
6-1.1-6-18. Signs; Posting on Land
6-1.1-6-19. Inspection of Land; Records; Use of Geographic Information System
6-1.1-6-20. Withdrawal of Land From Classification; Revised Application for Remaining Eligible Land
6-1.1-6-21. Withdrawal From Classification by State; Assessment of Land
6-1.1-6-23. Withdrawal of Classification; Notice to County Official
6-1.1-6-24. Tax Payments and Penalties Upon Withdrawal; Lien on Land; Distribution of Revenue