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Indiana Code — Title 6 (Taxation)

IC 6-1.1-6-14

Rate of assessment; adjustment

Official textiga.in.govlast amended

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.

Amendment history

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.

Source: view the official text

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Nearby sections (25 sections)
  1. 6-1.1-6-4 · Nontimber producing trees
  2. 6-1.1-6-5 · Size restrictions of classified land parcel
  3. 6-1.1-6-5.3 · Classification of a parcel containing wetlands as…
  4. 6-1.1-6-5.5 · Revised application with state forester
  5. 6-1.1-6-6 · Classification not permitted if building is on parcel
  6. 6-1.1-6-7 · Classification not permitted if grazing on parcel
  7. 6-1.1-6-8 · Repealed
  8. 6-1.1-6-9 · Parcel description
  9. 6-1.1-6-10 · Repealed
  10. 6-1.1-6-11 · Applications for classification; signatures
  11. 6-1.1-6-12 · Approval of applications
  12. 6-1.1-6-13 · Recording approved application
  13. 6-1.1-6-14 · Rate of assessment; adjustment
  14. 6-1.1-6-15 · Minerals on land; assessment
  15. 6-1.1-6-16 · Timber and wildlife management standards
  16. 6-1.1-6-17 · Special permits
  17. 6-1.1-6-18 · Signs; posting on land
  18. 6-1.1-6-19 · Inspection of land; records; use of geographic information
  19. 6-1.1-6-20 · Withdrawal of land from classification; revised…
  20. 6-1.1-6-21 · Withdrawal from classification by state; assessment of land
  21. 6-1.1-6-22 · Repealed
  22. 6-1.1-6-23 · Withdrawal of classification; notice to county official
  23. 6-1.1-6-24 · Tax payments and penalties upon withdrawal; lien on land;
  24. 6-1.1-6-25 · Effect of conveyance on classification; new application for
  25. 6-1.1-6-26 · Plat and recording expenses
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