Indiana Administrative Code
Title 50 - DEPARTMENT OF LOCAL GOVERNMENT FINANCE
Article 5.1 - PUBLIC UTILITY ASSESSMENT
Rule 5 - Valuation of Real Property and Use of Other Factors
Section 5-3 - Readily ascertainable values
Universal Citation: 50 IN Admin Code 5-3
Current through September 18, 2024
Authority: IC 6-1.1-8-42; IC 6-1.1-31-1
Affected: IC 6-1.1-8-26
Sec. 3.
(a) In order to establish uniformity, the department may determine the standard true tax value per unit of certain types of personal property that have a readily ascertainable value.
(b) The standard unit true tax values are published under 50 IAC 4.2-4-7.
(c) The types of personal property valued under this section are designated in 50 IAC 4.2-15 or memorandums and guidance documents. The types of personal property for which a standard unit value is determined may include, but are not limited to, the following:
(1) Agricultural commodities.
(2) Certain livestock.
(3) Certain types of petroleum
products.
(4) Recreational
vehicles.
(5) Used motor vehicles
held for sale.
(6) Used farm
implements held for sale.
(7)
Railcars.
(8) Gas and fluid
pipelines.
(9) Any other tangible
personal property that the department determines has a readily ascertainable
value.
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