2003 - Laserfiche WebLink

Home Browse Search

Cthe improvements all as allowed by Indiana law or as amended at the time. 5. A property owner who desires to obtain the deduction from real property must file an Application on forms prescribed by the State Board of Tax Commissioners with the Auditor of Morgan County and shall be filed before May 10 of the year in which the addition to assessed valuation is made. An Application for deduction from the value of new manufacturing equipment shall be filed on forms approved by the State Board of Tax Commissioners with the County Auditor and the State Board of Tax Commissioners. a. If notice of the addition to assessed valuation or new assessment for any year is not given to the property owner Cbefore April 10 of that year, the Application may be filed not later than thirty (30) days after the date such notice is mailed to the property owner at the address shown on the records of the Township Assessor. b. The Application required by this Section shall contain the information required in Indiana Code 6-1 1-12 15 or 6- 1.1-12.1-5.5. ' · c. A Deduction Application filed under this Section is applicable for the year in which the addition to assessed value or assessment of a new structure is made and in the succeeding nine (9) years in the event of real property or the succeeding nine (9) years in the event of new manufacturing equipment. d. A new Deduction Application is not required for succeeding years of the real estate assessment d~=ducti-o~, however, an annual Application must be filed with regard to a 'Deduction Application for new manufacturing equipment, pursuant to Indiana Code 6-1.1-12.1-5.5. e. A property owner who desires to obtain the deduction Cprovided for by law but who fails to file a Deduction Application within the dates provided for above may file an