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Indiana Code — Title 6 (Taxation)

IC 6-1.1-2-2

Assessment methods

Official textiga.in.govlast amended

Sec. 2.

# (a)

All tangible property which is subject to assessment shall be assessed on a just valuation basis and in a uniform and equal manner.

# (b)

Personal property which is subject to assessment and taxation shall be assessed annually in the manner prescribed in this article.

# (c)

Real property which is subject to assessment and taxation shall be assessed in the manner and at the times prescribed in this article.

# (d)

This section applies to assessment dates described in section 1.5(a)(2) and 1.5(b)(2) of this chapter. The true tax value of tangible property that is subject to assessment in a year shall be determined as of the assessment date in that year. Except as otherwise expressly provided by law enacted after July 1, 2014, a change in use, value, character, or ownership of tangible property after an assessment date shall not be considered in determining the true tax value of the tangible property for that assessment date.
[Pre-1975 Property Tax Recodification Citation: 6-1-21-2.]
Formerly: Acts 1975, P.L.47, SEC.1. As amended by P.L.111-2014, SEC.4.

Amendment history

Formerly: Acts 1975, P.L.47, SEC.1. As amended by P.L.111-2014, SEC.4.

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Nearby sections (25 sections)
  1. 6-1.1-1-19 · "Tangible property"
  2. 6-1.1-1-20 · "Taxing district"
  3. 6-1.1-1-21 · "Taxing unit"
  4. 6-1.1-1-22 · Repealed
  5. 6-1.1-1-22.5 · "Tract"
  6. 6-1.1-1-22.7 · Repealed
  7. 6-1.1-1-23 · Gender pronoun; singular nouns
  8. 6-1.1-1-24 · Duties of township assessor assumed by county assessor
  9. 6-1.1-1-25 · Determination of a deadline date under this article; first
  10. 6-1.1-2-0.1 · Application of certain amendments to chapter
  11. 6-1.1-2-1 · Property subject to tax
  12. 6-1.1-2-1.5 · Annual assessment date prescribed
  13. 6-1.1-2-2 · Assessment methods
  14. 6-1.1-2-3 · Rate of tax; use of revenues
  15. 6-1.1-2-4 · Liability for tax; assessment of improvement or appurtenance
  16. 6-1.1-2-5 · Partnership property
  17. 6-1.1-2-6 · Repealed
  18. 6-1.1-2-7 · Exempt property
  19. 6-1.1-2-8 · Application of P.L.6-1997; changing method of assessed
  20. 6-1.1-2-10 · Legalization of certain actions of department before…
  21. 6-1.1-2-11 · Tax increment financing allocation area; neutralize effect…
  22. 6-1.1-3-1 · Residents and nonresidents; place of assessment; evidence of
  23. 6-1.1-3-1.5 · "Filing date"
  24. 6-1.1-3-2 · Property held by trustee, party, or receiver
  25. 6-1.1-3-2.5 · Like kind exchanges of depreciable personal property
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