Sec. 27. (a) On or before July 1 of each year, the department of local government finance shall certify to the county assessor and the county auditor of each county the distributable property assessed values which the department determines are distributable to the taxing districts of the county. In addition, if a public utility company has appealed the department of local government finance’s assessment of the company’s distributable property, the department shall notify the county auditor of the appeal.

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Terms Used In Indiana Code 6-1.1-8-27

  • Appeal: A request made after a trial, asking another court (usually the court of appeals) to decide whether the trial was conducted properly. To make such a request is "to appeal" or "to take an appeal." One who appeals is called the appellant.
  • Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
  • definite situs: means a permanent location in one (1) taxing district or a customary location for use in one (1) taxing district. See Indiana Code 6-1.1-8-2
  • property: includes both tangible and intangible property. See Indiana Code 6-1.1-8-2
  • public utility company: means a company which is subject to taxation under this chapter regardless of whether the company is operated by an individual, a partnership, an association, a corporation, a limited liability company, a fiduciary, or any other entity. See Indiana Code 6-1.1-8-2
  • Year: means a calendar year, unless otherwise expressed. See Indiana Code 1-1-4-5
     (b) The county assessor shall review the department of local government finance’s certification under subsection (a) to determine if any of a public utility company’s property which has a definite situs in the county has been omitted. The county auditor shall enter for taxation the assessed valuation of a public utility company’s distributable property which the department distributes to a taxing district of the county.

     (c) The county assessor may exempt designated infrastructure development zone broadband assets. This includes the eligible broadband infrastructure assets located in a designated infrastructure development zone of a centrally assessed telephone company or cable company (as defined in section 2(15) of this chapter).

     (d) A centrally assessed telephone company or cable company (as defined in section 2(15) of this chapter) that makes eligible infrastructure investments in a designated infrastructure development zone established under the provisions of IC 6-1.1-12.5-5 in facilities and technologies used:

(1) in the deployment and transmission of broadband service;

(2) in advanced services that increase the availability of broadband service;

(3) in advanced service; or

(4) under any combination of subdivisions (1), (2), or (3);

is exempt from property taxation as set forth under IC 6-1.1-12.5-5.

     (e) Upon conclusion of the certification process by the department of local government finance under this section, the centrally assessed telephone company or cable company (as defined in section 2(15) of this chapter) shall produce and submit, not later than July 1 of each assessment year, an annual report to the county assessor that includes sufficient information necessary for the county assessor or county auditor to identify the broadband infrastructure investments that are eligible to be exempt from property taxes.

     (f) The county auditor shall reduce the department of local government finance’s certified values for each applicable state assessed personal property record that qualifies for the exemption prior to the certification of the county’s net assessed values to the department. This shall include the certified values for the centrally assessed telephone company or cable company (as defined in section 2(15) of this chapter.

[Pre-1975 Property Tax Recodification Citations: 6-1-44-11 part; 6-1-44-15 part.]

Formerly: Acts 1975, P.L.47, SEC.1. As amended by P.L.90-2002, SEC.78; P.L.256-2003, SEC.2; P.L.111-2014, SEC.18; P.L.148-2015, SEC.3; P.L.174-2022, SEC.10; P.L.236-2023, SEC.19.

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