Indiana Code 14-33-22-7. Assessment of property; calculation of tax rate
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Terms Used In Indiana Code 14-33-22-7
- Equitable: Pertaining to civil suits in "equity" rather than in "law." In English legal history, the courts of "law" could order the payment of damages and could afford no other remedy. See damages. A separate court of "equity" could order someone to do something or to cease to do something. See, e.g., injunction. In American jurisprudence, the federal courts have both legal and equitable power, but the distinction is still an important one. For example, a trial by jury is normally available in "law" cases but not in "equity" cases. Source: U.S. Courts
- user: means a person or governmental entity that is the owner or occupant of real property, a part of which is connected to a sewerage system operated by a district. See Indiana Code 14-33-22-4
- Year: means a calendar year, unless otherwise expressed. See Indiana Code 1-1-4-5
Sec. 7. For each assessment date to which a request filed under section 6 of this chapter applies, the county assessor shall assess the real property specified in the request at an amount that, when multiplied by the tax rate for the district for the taxes due and payable in the year of the assessment date, equals the just and equitable rate to the user as determined by the board as of the most recent December 1 under section 11 of this chapter.
[Pre-1995 Recodification Citation: 13-3-6-4.]
As added by P.L.1-1995, SEC.26.