Indiana § 36-7-17-11 Retention of deed by unit; property deemed municipal property; tax
exemption

Indiana Statutes

§ 36-7-17-11 — Retention of deed by unit; property deemed municipal property; tax exemption

Indiana·Title 36 LOCAL GOVERNMENT·Art. 7 PLANNING AND DEVELOPMENT·Ch. 17 Urban Homesteading

Property acquired or held under this chapter
with retention of the deed by the unit is considered property of the unit
held for municipal purposes and is exempt from property taxation. This
property tax exemption becomes effective on the date of conveyance
to the unit. A petition to cancel taxes or a certified application for
exemption is not required for property acquired or held under this
chapter.
[Pre-Local Government Recodification Citation:
18-7-21-10.]
As added by Acts 1981, P.L.309, SEC.36.

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Property acquired or held under this chapter
with retention of the deed by the unit is considered property of the unit
held for municipal purposes and is exempt from property taxation. This
property tax exemption becomes effective on the date of conveyance
to the unit. A petition to cancel taxes or a certified application for
exemption is not required for property acquired or held under this
chapter.
[Pre-Local Government Recodification Citation:
18-7-21-10.]
As added by Acts 1981, P.L.309, SEC.36.

Indiana § 36-7-17-11 (Retention of deed by unit; property deemed municipal property; tax exemption) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.