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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.