Sec. 38. (a) Taxes which are based upon an assessment which is made under this chapter are a
lien upon the
property assessed. This lien accrues on the assessment date of the
year of assessment. In addition, the taxes are a personal debt of the
public utility company in whose name the property is assessed.
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Terms Used In Indiana Code 6-1.1-8-38
- Attorney: includes a counselor or other person authorized to appear and represent a party in an action or special proceeding. See Indiana Code 1-1-4-5
- Judgment: means all final orders, decrees, and determinations in an action and all orders upon which executions may issue. See Indiana Code 1-1-4-5
- Lien: A claim against real or personal property in satisfaction of a debt.
- 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
- railcar company: means a company (other than a railroad company) which owns or operates cars for the transportation of property on railroads. See Indiana Code 6-1.1-8-2
- Year: means a calendar year, unless otherwise expressed. See Indiana Code 1-1-4-5
[Pre-1975 Property Tax Recodification Citation: 6-1-44-14 part.]
Formerly: Acts 1975, P.L.47, SEC.1. As amended by P.L.38-2021, SEC.18.
