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IC 6-1.1-8.7-1
"Industrial company" and "department" defined
Sec. 1. As used in this chapter:
(1) "industrial company" means an owner or user of industrial
property; and
(2) "department" refers to the department of local government
finance.
As added by P.L.198-2001, SEC.27.
IC 6-1.1-8.7-2
"Industrial facility" defined
Sec. 2. As used in this chapter, "industrial facility" means a
company's real property that:
(1) has been classified as industrial property under the rules of
the department; and
(2) has a true tax value, as estimated by the department, of at
least twenty-five million dollars ($25,000,000) in a county.
The term includes real property that is used under an agreement
under which the user exercises the beneficial rights of ownership for
the majority of a year. The term does not include real property
assessed under IC 6-1.1-8.
As added by P.L.198-2001, SEC.27.
IC 6-1.1-8.7-3
Petitions for reassessment of industrial facilities
Sec. 3. (a) Before January 1, 2003, two hundred fifty (250) or
more owners of real property in a township may petition the
department to assess the real property of an industrial facility in the
township for the 2004 assessment date.
(b) Before January 1 of each year that a general reassessment
commences under IC 6-1.1-4-4, two hundred fifty (250) or more
owners of real property in a township may petition the department to
assess the real property of an industrial facility in the township for
that general reassessment.
(c) An industrial company may at any time petition the
department to assess the real property of an industrial facility owned
or used by the company.
(d) Before January 1 of any year, the county assessor of the
county in which an industrial facility is located may petition the
department to assess the real property of the industrial facility for the
assessment date in that year.
As added by P.L.198-2001, SEC.27. Amended by P.L.219-2007,
SEC.18.
IC 6-1.1-8.7-4
Assessments by department of local government finance
Sec. 4. The department may assess the real property of an
industrial facility pursuant to a petition filed under section 3 of this
chapter.
As added by P.L.198-2001, SEC.27. Amended by P.L.219-2007,
SEC.19.
IC 6-1.1-8.7-5
Scheduling of assessments
Sec. 5. (a) If the department determines to assess an industrial
facility pursuant to a petition filed under section 3(a), 3(c), or 3(d) of
this chapter, the department shall schedule the assessment not later
than six (6) months after receiving the petition.
(b) If the department determines to assess an industrial facility
pursuant to a petition filed under section 3(b) of this chapter, the
department shall schedule the assessment not later than three (3)
months after the assessment date for which the petition was filed.
As added by P.L.198-2001, SEC.27. Amended by P.L.219-2007,
SEC.20.
IC 6-1.1-8.7-6
Support from county assessors
Sec. 6. The county assessor of the county in which the industrial
facility is located shall provide support to the department's assessor
during the course of the assessment of an industrial facility.
As added by P.L.198-2001, SEC.27.
IC 6-1.1-8.7-7
Certification of values; appeal and review
Sec. 7. (a) When the department determines its final assessments
of an industrial facility, the department shall certify the true tax
values to the county assessor and the county auditor of the county in
which the property is located. In addition, if an industrial company
has appealed the department's final assessment of the industrial
facility, the department shall notify the county auditor of the appeal.
(b) The county assessor shall review the certification of the
department to determine if any of an industrial company's property
has been omitted and notify the department of additions the county
assessor finds are necessary. The department shall consider the
county assessor's findings and make any additions to the certification
the department finds are necessary. The county auditor shall enter for
taxation the assessed valuation of an industrial facility that is
certified by the department.
As added by P.L.198-2001, SEC.27.
IC 6-1.1-8.7-8
Appeal of assessments
Sec. 8. (a) The industrial company that owns or uses the industrial
facility assessed under this chapter, a taxpayer that petitioned for
assessment of an industrial facility assessed under this chapter, or the
county assessor of the county in which the industrial facility is
located may appeal an assessment by the department made under this
chapter to the Indiana board. An appeal under this section shall be
conducted in the same manner as an appeal under IC 6-1.1-15-4
through IC 6-1.1-15-8. An assessment made under this chapter that
is not appealed under this section is a final unappealable order of the
department.
(b) The Indiana board shall hold a hearing on the appeal and issue
an order within one (1) year of the date the appeal is filed.
As added by P.L.198-2001, SEC.27. Amended by P.L.219-2007,
SEC.21.
IC 6-1.1-8.7-9
Adoption of rules
Sec. 9. The department may adopt rules to provide just valuations
of industrial facilities under this chapter.
As added by P.L.198-2001, SEC.27. Amended by P.L.219-2007,
SEC.22.
IC 6-1.1-8.7-10
Conflict of laws
Sec. 10. This chapter is designed to provide special rules for the
assessment and taxation of certain industrial facilities. If a provision
of this chapter conflicts with a provision of another chapter of this
article, the provision of this chapter controls with respect to the
assessment and taxation of an industrial facility.
As added by P.L.198-2001, SEC.27.