Indiana Code 6-1.1-1-5. “Deduction”
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Terms Used In Indiana Code 6-1.1-1-5
- Property: includes personal and real property. See Indiana Code 1-1-4-5
Sec. 5. “Deduction” means a situation where a taxpayer is permitted to subtract a fixed dollar amount from the assessed value of his property.
[Pre-1975 Property Tax Recodification Citation: 6-1-22-1 part.]
Formerly: Acts 1975, P.L.47, SEC.1.