Tax & Accounting Blog

Property Tax Assessments And Exemptions In Indiana

Blog, ONESOURCE, ONESOURCE Property Tax May 29, 2013

L. 2013, S517 (P.L. 257), effective 07/01/2013,

  • Extends the current assessment schedule for outdoor advertising signs provided in Ind. Code § 6-1.1-3-24 through the 2016 assessment year;
  • Provides that real property leased wholly or in part to a state agency is exempt to the extent that the real property is leased to the state agency from property taxes if the lease requires the state agency to reimburse the owner for property taxes
  • Authorizes a property tax exemption for signs manufactured for the Indiana Department of Transportation to comply with federal highway funding requirements under federal law
  • The owner of signs subject to exemption from tax must file an exemption claim along with the owner’s annual personal property tax return