Statutes, codes, and regulations
Indiana Administrative Code
Title 50 - DEPARTMENT OF LOCAL GOVERNMENT FINANCEArticle 29 - PROCEDURES FOR THE ASSESSMENT OF GOLF COURSES
Rule 50 IAC 29-3 - Procedures for the Assessment of Golf Courses
Section 50 IAC 29-3-2 - Exceptions to the valuation of golf courses

50 Ind. Admin. Code 29-3-2

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Current through September 4, 2024
Section 50 IAC 29-3-2 - Exceptions to the valuation of golf courses

Authority: IC 6-1.1-4-42

Affected: IC 6-1.1-4-42

Sec. 2.

The value of personal property, intangible property, and income derived from personal or intangible property is excluded from the valuation of golf courses. Excluded from the income capitalization approach to valuation is income derived from pro shop merchandise sales and the income derived from the rental of golf carts.

50 IAC 29-3-2

Department of Local Government Finance; 50 IAC 29-3-2; filed Aug 30, 2012, 2:00 p.m.: 20120926-IR-050120274FRA