AVGQAssessed Value Growth Quotient (economics)
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Taxing units were allowed to appeal to the state tax board for an excess levy--above the AVGQ normally permitted.
The statute changed the AVGQ formula to allow property tax levies to increase at the rate that Indiana nonfarm personal income increases.
Census Bureau Table 2 Glossary of Terms and Acronyms AVGQ Assessed Value Growth Quotient CEDIT County Economic Development Income Tax CAGIT County Adjusted Gross Income Tax COIT County Option Income Tax PTRC Property Tax Replacement Credit DLGF Department of Local Government Finance LSA Indiana Legislative Services Agency Real Land and improvements considered Property permanent fixtures Personal Tangible property not permanently Property affixed to and part of real estate HEA House Enrolled Act SEA Senate Enrolled Act P.L.