Indiana § 36-7-15.6-15 Payments in lieu of property taxes

Indiana Statutes

§ 36-7-15.6-15 — Payments in lieu of property taxes

Indiana § 36-7-15.6-15

Title 36LOCAL GOVERNMENT

Art. 7PLANNING AND DEVELOPMENT

Ch. 15.6Flood Control Improvement Districts

This text of Indiana § 36-7-15.6-15 (Payments in lieu of property taxes) 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 § 36-7-15.6-15 (2026).

Text

The commission may enter into a written
agreement with a taxpayer that owns real property located in an
allocation area of the district that is exempt from property tax
assessment in which the taxpayer agrees to, in lieu of property taxes,
pay to the unit authorized to levy property taxes the amount that would
be assessed as taxes on real property of the taxpayer if the property
were otherwise subject to valuation and assessment. Such payments in
lieu of taxes shall be due and shall bear interest if unpaid, as in the
cases of taxes on other property. Payments in lieu of taxes made under
this section shall be treated in the same manner as taxes for purposes
of all procedural and substantive provisions of law.

Free access — add to your briefcase to read the full text and ask questions with AI

The commission may enter into a written
agreement with a taxpayer that owns real property located in an
allocation area of the district that is exempt from property tax
assessment in which the taxpayer agrees to, in lieu of property taxes,
pay to the unit authorized to levy property taxes the amount that would
be assessed as taxes on real property of the taxpayer if the property
were otherwise subject to valuation and assessment. Such payments in
lieu of taxes shall be due and shall bear interest if unpaid, as in the
cases of taxes on other property. Payments in lieu of taxes made under
this section shall be treated in the same manner as taxes for purposes
of all procedural and substantive provisions of law.