Indiana Code 6-1.1-4-44.5. Land classified as residential excess land; application of an influence factor to recognize reduced acreage value
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Sec. 44.5. (a) This section applies to a real property assessment:
(2) that includes land classified as residential excess land.
(1) for the 2015 assessment date and assessment dates thereafter; and
(b) A county assessor may apply throughout the county an influence factor to recognize the reduced acreage value of residential excess land. The influence factor may be applied on a per acre basis or based on acreage categories. The influence factor may not be used as an alternative to determining the value of farmland as provided in section 13 of this chapter.
As added by P.L.249-2015, SEC.10.