Indiana Code 36-7.5-4.5-11. “Property tax increment revenue”
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Terms Used In Indiana Code 36-7.5-4.5-11
- base assessed value: means :
Indiana Code 36-7.5-4.5-1
- district: refers to a transit development district established by the development authority under this chapter. See Indiana Code 36-7.5-4.5-6
- Property: includes personal and real property. See Indiana Code 1-1-4-5
Sec. 11. As used in this chapter, “property tax increment revenue” means the property taxes attributable to the assessed value of property located in a district in excess of the base assessed value.
As added by P.L.248-2017, SEC.10.