Indiana § 5-28-26-1 - "Base assessed value"
Full text of Indiana Indiana Code § 5-28-26-1 — "Base assessed value", with citation guidance and answers to common questions.
§ 5-28-26-1. "Base assessed value"
Sec. 1. As used in this chapter, "base assessed value" means:
(1) the net assessed value of all the taxable property located in a global commerce center as finally determined for the assessment date immediately preceding the effective date of the allocation provision of a resolution adopted under section 18 of this chapter; plus
(2) to the extent it is not included in subdivision (1), the net assessed value of property that is assessed as residential property under the rules of the department of local government finance, within the global commerce center, as finally determined for the current assessment date.
As added by P.L.203-2005, SEC.2. Amended by P.L.257-2019, SEC.10.
Frequently Asked Questions About Indiana § 5-28-26-1
What does Indiana Code § 5-28-26-1 cover?
Section 5-28-26-1 (""Base assessed value"") is part of the Indiana Code, the codified statutory law of Indiana. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Indiana § 5-28-26-1?
A common citation format is "Indiana Code § 5-28-26-1" (Indiana). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Indiana law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Indiana official source linked on this page or consult a licensed Indiana attorney.
How does Indiana § 5-28-26-1 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Indiana can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Indiana.