Sec. 5. "Deduction" means a situation where a taxpayer is permitted to subtract a fixed dollar amount from the assessed value of his property.
Ind. Code § 6-1.1-1-5
"Deduction"
Applied in 1 court decision — leading case Graybar Electric Co. v. State Board of Tax Commissioners (2000)
Most recently applied in Graybar Electric Co. v. State Board of Tax Commissioners (February 2000)
Formerly: Acts 1975, P.L.47, SEC.1.
Official source: Indiana General Assembly. Reproduced from public-domain Indiana statutes; confirm against the official source for the current text. Not legal advice.