Indiana § 36-1-8-14.3 Definitions; "PILOTS"; adoption of ordinance; calculation; imposition;
deposit in affordable housing fund; due date

Indiana Statutes

§ 36-1-8-14.3 — Definitions; "PILOTS"; adoption of ordinance; calculation; imposition; deposit in affordable housing fund; due date

Indiana § 36-1-8-14.3

Title 36LOCAL GOVERNMENT

Art. 1GENERAL PROVISIONS

Ch. 8Miscellaneous Fiscal and Administrative Provisions

This text of Indiana § 36-1-8-14.3 (Definitions; "PILOTS"; adoption of ordinance; calculation; imposition; deposit in affordable housing fund; due date) is published on Counsel Stack Legal Research, covering Indiana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ind. Code § 36-1-8-14.3 (2026).

Text

3.

(a)PILOTS may be imposed under this section for an assessment date occurring after December 31, 2021.

(b)As used in this section, the following terms have the meanings set forth in IC 6-1.1-1:

(1)Assessed value.

(2)Exemption.

(3)Owner.

(4)Person.

(5)Property taxation.

(6)Real property.

(7)Township assessor.

(c)As used in this section, "PILOTS" means payments in lieu of taxes.

(d)As used in this section, "property owner" means the owner of real property described in IC 6-1.1-10-16.7.

(e)Subject to the approval of a property owner, the governing body of a political subdivision may adopt an ordinance to require the property owner to pay PILOTS at times set forth in the ordinance with respect to real property that is subject to an exemption under IC 6-1.1-10-16.7. The ordinance

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3. (a) PILOTS may be imposed under this
section for an assessment date occurring after December 31, 2021.
(b) As used in this section, the following terms have the meanings
set forth in IC 6-1.1-1:
(1) Assessed value.
(2) Exemption.
(3) Owner.
(4) Person.
(5) Property taxation.
(6) Real property.
(7) Township assessor.
(c) As used in this section, "PILOTS" means payments in lieu of
taxes.
(d) As used in this section, "property owner" means the owner of
real property described in IC 6-1.1-10-16.7.
(e) Subject to the approval of a property owner, the governing body
of a political subdivision may adopt an ordinance to require the
property owner to pay PILOTS at times set forth in the ordinance with
respect to real property that is subject to an exemption under IC 6-1.1-10-16.7. The ordinance remains in full force and effect until
repealed or modified by the governing body, subject to the approval of
the property owner.
(f) The PILOTS must be calculated so that the PILOTS are in an
amount that is:
(1) agreed upon by the property owner and the governing body of
the political subdivision;
(2) a percentage of the property taxes that would have been levied
by the governing body for the political subdivision upon the real
property described in subsection (e) if the property were not
subject to an exemption from property taxation; and
(3) not more than the amount of property taxes that would have
been levied by the governing body for the political subdivision
upon the real property described in subsection (e) if the property
were not subject to an exemption from property taxation.
(g) PILOTS shall be imposed as are property taxes and shall be
based on the assessed value of the real property described in subsection
(e). Except as provided in subsection (k), the township assessor, or the
county assessor if there is no township assessor for the township, shall
assess the real property described in subsection (e) as though the
property were not subject to an exemption.
(h) PILOTS collected under this section shall be deposited in the
unit's affordable housing fund established under IC 5-20-5-15.5 and
used for any purpose for which the affordable housing fund may be
used.
(i) PILOTS shall be due as set forth in the ordinance and bear
interest, if unpaid, as in the case of other taxes on property. PILOTS
shall be treated in the same manner as taxes for purposes of all
procedural and substantive provisions of law.
(j) This section does not apply to a county that contains a
consolidated city or to a political subdivision of the county.
(k) If the duties of the township assessor have been transferred to
the county assessor as described in IC 6-1.1-1-24, a reference to the
township assessor in this section is considered to be a reference to the
county assessor.