Section 50IAC4.2-4-7. True tax value determination; exception

   (a) The true tax value for Indiana property tax purposes is computed by multiplying the adjusted cost of each year's acquisitions in the respective pool by a percentage factor obtained in subsection (b). The percentage factors in the table automatically reflect all adjustments for Indiana property tax purposes, except abnormal obsolescence, as provided in section 8 of this rule.

  (b) Table to compute true tax value. The following table provides for each of the four (4) pools by year of acquisition the percentage of adjusted cost to compute true tax value. The sum of the true tax value for each of the four (4) pools is the true tax value of the personal property at the tax situs in question.

TABLE TO DETERMINE TRUE TAX VALUE FOR DEPRECIABLE PERSONAL PROPERTY BY PERCENTAGE OF ORIGINAL COST
Indiana Pools of Assets by Lives Utilized on Federal Tax Return
Year of Acquisition	Pool #1 (1-4 yrs)	Pool #2 (5-8 yrs)	Pool #3 (9-12 yrs)	Pool #4 (13 yrs and longer)
1	65%	40%	40%	40%
2	50%	56%	60%	60%
3	35%	42%	55%	63%
4	20%	32%	45%	54%
5		24%	37%	46%
6		18%	30%	40%
7		15%	25%	34%
8			20%	29%
9			16%	25%
10			12%	21%
11			10%	15%
12				10%
13				5%

  (c) The true tax value of the depreciable personal property for the taxpayer on a December 31 federal tax year making the election to use federal tax year to compute the year of acquisition (see the EXAMPLES in sections 5 and 6 of this rule) would be computed as follows:

		Pool No. 1						Pool No. 3
Jan 1 to March 1,
1989		$None		65%		$-0-		$4,000		40%		$1,600
1988		3,000		65%		1,950		12,000		40%		4,800
1987		4,000		50%		2,000		10,000		60%		6,000
1986		None		35%		-0-		2,000		55%		1,100
1985		13,000		20%		2,600		4,000		45%		1,800
1984								1,000		37%		370
1983								None		30%		-0-
1982								5,000		25%		1,250
1981								30,000		20%		6,000
1980								None		16%		-0-
1979								None		12%		-0-
1978								12,000		10%		1,200
		$20,000				$6,550		$80,000				$24,120
Pool No. 1												$6,550
True tax value of all depreciable personal property												$30,670

  (d) Exception. If personal property is leased, such property will not be valued for Indiana property tax purposes in accordance with this rule. Such personal property is to be reported in accordance with the provisions of 50 IAC 4.2-8. (Department of Local Government Finance; 50 IAC 4.2-4-7; filed Dec 7, 1988, 9:35 a.m.: 12 IR 843, eff Mar 1, 1989; reinstated by IC 6-1.1-3-22, eff Jul 1, 2003)