"Base rate" defined
Sec. 3.5. "Base rate" means the statewide agricultural land base
rate value per acre used to determine the true tax value of agricultural
land under:
(1) the real property assessment guidelines of the department of
local government finance; or
(2) rules or guidelines of the department of local government
finance that succeed the guidelines referred to in subdivision
(1).
As added by P.L.228-2005, SEC.1.
Last modified: May 28, 2006