Note: This version of section effective until 7-1-2018. See also following version of this section, effective 7-1-2018.

1. (1) for assessment dates before March 1, 2001, thirty-three and one-third percent (33 1/3%) of the true tax value of property; and
2. (2) for assessment dates after February 28, 2001, the true tax value of property.

3. (b) For purposes of calculating a budget, rate, or levy under IC 6-1.1-17 , IC 6-1.1-18 , IC 6-1.1-18.5 , IC 6-1.1-20 , IC 20-46-4 , IC 20-46-5 , and IC 20-46-6 , "assessed value" or "assessed valuation" does not include the net assessed value of tangible property excluded and kept separately on a tax duplicate by a county auditor under IC 6-1.1-17-0.5 .

   [Pre-1975 Property Tax Recodification Citation: 6-1-20-10.]

   Formerly: Acts 1975, P.L.47, SEC.1. As amended by P.L.24-1986, SEC.2; P.L.6-1997, SEC.6; P.L.291-2001, SEC.204; P.L.2-2006, SEC.35; P.L.146-2008, SEC.46; P.L.137-2012, SEC.12.

Sec. 3. (a) Except as provided in subsection (b), "assessed value" or "assessed valuation" means an amount equal to: