Indiana Code — Title 6 (Taxation)
IC 6-1.1-8-37
Reassessment of distributable property; refunds or taxes due
Sec. 37. (a) If:
# (1)
the department of local government finance's reassessment of distributable property is less than the department's original assessment; or
# (2)
the Indiana board's reassessment of distributable property is less than the department's original assessment;
the auditor of each affected county shall compute the tax refund, if any, which is due the public utility company. The county auditor shall then issue a warrant to the company for the amount of the refund due, and the county treasurer shall pay the warrant, without an appropriation for the disbursement.
(b) If:
(1) the department of local government finance's reassessment of distributable property is greater than the department's original assessment; or
(2) the Indiana board's reassessment of distributable property is greater than the department's original assessment;
the auditor of each affected county shall enter the difference as an assessment of omitted property. The county auditor shall compute and the county treasurer shall collect the additional tax due in the same manner that taxes on omitted property are computed and collected. However, the county officials may not charge penalty or interest on the additional tax due unless the public utility company does not pay the tax within thirty (30) days after the date notice of the additional tax due is given to the company.
(c) The accounts of the various taxing units shall be credited or charged with each unit's proportionate share of additional taxes collected and refunds made under this section.
[Pre-1975 Property Tax Recodification Citation: 6-1-44-14 part.]
Formerly: Acts 1975, P.L.47, SEC.1. As amended by P.L.90-2002, SEC.83; P.L.9-2024,
SEC.165.
Amendment history
Formerly: Acts 1975, P.L.47, SEC.1. As amended by P.L.90-2002, SEC.83; P.L.9-2024, SEC.165.
Source: view the official text
Nearby sections (25 sections)
- 6-1.1-8-27 · Certification of assessed value; notification of appeal;…
- 6-1.1-8-28 · Tentative assessment by the department; appeal opportunity
- 6-1.1-8-29 · Preliminary conference; notice of final assessment
- 6-1.1-8-30 · Appeal to Indiana board; appeal to tax court
- 6-1.1-8-31 · Appeal of final judgment; court procedure
- 6-1.1-8-32 · Setting aside final determination; grounds
- 6-1.1-8-33 · Appeal of township or county assessor's assessment of fixed
- 6-1.1-8-34 · Rate of tax; time of payment
- 6-1.1-8-35 · Indefinite-situs distributable property of railcar…
- 6-1.1-8-35.1 · Repealed
- 6-1.1-8-35.2 · Retention and use of certain funds under section 35 of…
- 6-1.1-8-36 · Payment of taxes regardless of pending appeal; injunction;
- 6-1.1-8-37 · Reassessment of distributable property; refunds or taxes…
- 6-1.1-8-38 · Lien; collection of delinquent taxes; penalties
- 6-1.1-8-39 · Omitted property; assessment
- 6-1.1-8-40 · Omitted property; rate of assessment; interest
- 6-1.1-8-41 · Valuation methods used in other states
- 6-1.1-8-42 · Rules and regulations; promulgation
- 6-1.1-8-43 · Purpose of chapter; conflicting provisions
- 6-1.1-8-44 · Reinstatement of utility property rules; prohibition…
- 6-1.1-8-45 · Depreciable personal property 30% minimum valuation
- 6-1.1-8.1-1 · Applicability
- 6-1.1-8.1-2 · "Controlled environment agriculture property"
- 6-1.1-8.1-3 · Classification and assessment
- 6-1.1-8.2-1 · "Qualified expenditures" defined