Ind. Code § 6-1.1-3-24

Current through P.L. 171-2024

Section 6-1.1-3-24 - Valuation; outdoor advertising signs

(a) Except as provided in subsection (b), in determining the assessed value of various sizes of outdoor advertising signs, a taxpayer and assessing official shall use the following table without any adjustments:

Single Pole Structure Type of Sign	Value Per Structure
At least 48 feet, illuminated	$5,000
At least 48 feet, non-illuminated	$4,000
At least 26 feet and under 48 feet, illuminated	$4,000
At least 26 feet and under 48 feet, non-illuminated	$3,300
Under 26 feet, illuminated	$3,200
Under 26 feet, non-illuminated	$2,600
Other Types of Outdoor Signs
At least 50 feet, illuminated	$2,500
At least 50 feet, non-illuminated	$1,500
At least 40 feet and under 50 feet, illuminated	$2,000
At least 40 feet and under 50 feet, non-illuminated	$1,300
At least 30 feet and under 40 feet, illuminated	$2,000
At least 30 feet and under 40 feet, non-illuminated	$1,300
At least 20 feet and under 30 feet, illuminated	$1,600
At least 20 feet and under 30 feet, non-illuminated	$1,000
Under 20 feet, illuminated	$1,600
Under 20 feet, non-illuminated	$1,000

(b) Beginning with the 2018 assessment date for taxes first due and payable in 2019, the assessed values in the table set forth in subsection (a) shall be adjusted on a quadrennial basis by an amount equal to the average of the annual percentage changes in the Core Personal Consumption Expenditures Price Index using the four (4) most recent calendar years for which data is available. However, the adjustment may not result in a change of more than three percent (3%) from the previous assessed values determined under this section.

IC 6-1.1-3-24

Amended by P.L. 255-2017,SEC. 5, eff. 4/28/2017.

Amended by P.L. 249-2015, SEC. 5, eff. 7/1/2015.

Amended by P.L. 257-2013, SEC. 2, eff. 7/1/2013.

Added by P.L. 137-2012, SEC. 13, eff. 3/1/2011 (retroactive).