Indiana Administrative Code (Last Updated: December 20, 2016) |
Title 50. DEPARTMENT OF LOCAL GOVERNMENT FINANCE |
Article 50IAC29. PROCEDURES FOR THE ASSESSMENT OF GOLF COURSES |
Rule 50IAC29-2. Definitions |
Section 50IAC29-2-4. "Market value-in-use" defined
Latest version.
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"Market value-in-use" means the market value-in-use of a property for its current use, as reflected by the utility received by the owner or by a similar user, from the property. (Department of Local Government Finance; 50 IAC 29-2-4; filed Aug 30, 2012, 2:00 p.m.: 20120926-IR-050120274FRA)