Indiana § 36-7-15.1-52 Real property owned by a redevelopment district is exempt; receipts
exempt from taxation

Indiana Statutes

§ 36-7-15.1-52 — Real property owned by a redevelopment district is exempt; receipts exempt from taxation

Indiana § 36-7-15.1-52

Title 36LOCAL GOVERNMENT

Art. 7PLANNING AND DEVELOPMENT

Ch. 15.1Redevelopment of Areas in Marion County Needing

This text of Indiana § 36-7-15.1-52 (Real property owned by a redevelopment district is exempt; receipts exempt from taxation) 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 § 36-7-15.1-52 (2026).

Text

(a)Real property acquired by the redevelopment district is exempt from taxation while owned by the district.

(b)All receipts of the redevelopment district, including receipts from the sale of real property, personal property, and materials disposed of, are exempt from all taxes.

(c)As used in this subsection, "year one" means any calendar year and "year two" means the calendar year following year one. When real property is acquired by the redevelopment district during the period from assessment on the assessment date of year one to the last day of December of year one, the taxes due in year two shall be prorated between the seller and the city. When the proration is made, the auditor shall remove the city's prorated share from the tax duplicate by auditor's correction.

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(a) Real property acquired by the
redevelopment district is exempt from taxation while owned by the
district.
(b) All receipts of the redevelopment district, including receipts
from the sale of real property, personal property, and materials
disposed of, are exempt from all taxes.
(c) As used in this subsection, "year one" means any calendar year
and "year two" means the calendar year following year one. When real
property is acquired by the redevelopment district during the period
from assessment on the assessment date of year one to the last day of
December of year one, the taxes due in year two shall be prorated
between the seller and the city. When the proration is made, the auditor
shall remove the city's prorated share from the tax duplicate by
auditor's correction.