§ 36-1-8-16 — Property taxes collected for property disposed by county executive

Indiana § 36-1-8-16

• Jurisdiction: Indiana
• Title 36: LOCAL GOVERNMENT
• Art. 1: GENERAL PROVISIONS
• Ch. 8: Miscellaneous Fiscal and Administrative Provisions

Text

(a) Except as provided in subsection (e), if a
county executive disposes of real property, the property taxes collected
for each item of the real property in the first year the item of real
property is subject to taxation after the year the real property is sold or
otherwise conveyed shall be disbursed to the county executive that sold
or otherwise conveyed the item of real property.
(b) Disbursements to the county executive under subsection (a) shall
be deposited into the county general fund, the redevelopment fund, the
unsafe building fund, or the housing trust fund and shall be used only
for one (1) or more of the purposes authorized under IC 36-7-14-22.5
or IC 36-7-15.1-15.5.
(c) The county executive shall forward a copy of each resolution
that disposes or otherwise conveys real property to the county auditor.
(d) The disbursement of property taxes under subsection (a) shall
terminate in the second year the item of real property is subject to
taxation after the property is sold or otherwise conveyed.
(e) This section does not apply to real property to which IC 6-1.1-47
applies.

Legislative History

As added by P.L.169-2006, SEC.47. Amended by P.L.110-2017, SEC.3.