50 Ind. Admin. Code 25-4-3

Current through October 23, 2024

Section 50 IAC 25-4-3 - One deduction per model residence per year

Authority: IC 6-1.1-12.6-9

Affected: IC 6-1.1-12.6

Sec. 3.

(a) A property owner that qualifies for a model residence deduction and also qualifies for a deduction under another statute with respect to the same model home for a particular assessment year may not receive a deduction under both statutes for that year.

(b) A county auditor who receives claims for more than one (1) deduction with respect to a model residence may approve only one (1) of the deductions. If the model residence owner is otherwise qualified, the county auditor must approve the deduction that results in the greater property tax saving for the owner of the model residence.

50 IAC 25-4-3

Department of Local Government Finance; 50 IAC 25-4-3; filed Apr 15, 2009, 10:16 a.m.: 20090513-IR-050080755FRA