Definitions
Sec. 1. As used in this chapter:
"Ad valorem property tax levy for an ensuing calendar year"
means the total property taxes imposed by a civil taxing unit for
current property taxes collectible in that ensuing calendar year.
"Adopting county" means any county in which the county
adjusted gross income tax is in effect.
"Civil taxing unit" means any taxing unit except a school
corporation.
"Maximum permissible ad valorem property tax levy for the
preceding calendar year" means the civil taxing unit's ad valorem
property tax levy for the calendar year immediately preceding the
ensuing calendar year, as that levy was determined by the department
of local government finance in fixing the civil taxing unit's budget,
levy, and rate for that preceding calendar year under IC 6-1.1-17, and
after eliminating the effects of temporary excessive levy appeals and
temporary adjustments made to the working maximum levy for the
calendar year immediately preceding the ensuing calendar year, as
determined by the department of local government finance.
"Taxable property" means all tangible property that is subject to
the tax imposed by this article and is not exempt from the tax under
IC 6-1.1-10 or any other law. For purposes of sections 2 and 3 of this
chapter, the term "taxable property" is further defined in section 6 of
this chapter.
"Unadjusted assessed value" means the assessed value of a civil
taxing unit as determined by local assessing officials and the
department of local government finance in a particular calendar year
before the application of an annual adjustment under IC 6-1.1-4-4.5
for that particular calendar year or any calendar year since the last
general reassessment preceding the particular calendar year.
As added by P.L.73-1983, SEC.1. Amended by P.L.198-2001,
SEC.51; P.L.1-2004, SEC.21 and P.L.23-2004, SEC.22.
Last modified: May 28, 2006