§ 36-7-25-6 — Limitation on taxpayer's right to challenge taxes or assessments; agreement; lien; priority

Indiana § 36-7-25-6

• Jurisdiction: Indiana
• Title 36: LOCAL GOVERNMENT
• Art. 7: PLANNING AND DEVELOPMENT
• Ch. 25: Additional Powers of Redevelopment Commissions

Text

(a) Subject to section 6.5 of this chapter, a
commission may enter into an agreement with a taxpayer in an
allocation area that limits the taxpayer's rights to challenge the
taxpayer's assessment or property taxes or that guarantees, enhances,
or otherwise further secures bonds or lease obligations of the
commission. The obligation to make payments under a taxpayer
agreement that guarantee, enhance, or otherwise further secure bonds
or lease obligations of the commission under this section shall be
treated in the same manner as property taxes for purposes of IC 6-1.1-22-13, if, and to the extent that, the taxpayer agreement provides
for a property tax lien.
(b) A lien resulting from a taxpayer agreement described in
subsection (a) takes priority over any existing or subsequent:
(1) mortgage;
(2) other lien; or
(3) other encumbrance;
on the property and must have parity with a property tax lien described
in IC 6-1.1-22-13.
(c) A lien resulting from a taxpayer agreement described in
subsection (a) will have the priority of real property taxes described in
IC 6-1.1-22-13 and may be enforced and collected in all respects as real
property taxes.

Legislative History

As added by P.L.35-1990, SEC.62. Amended by P.L.147-1992, SEC.2; P.L.200-2016, SEC.3; P.L.46-2022, SEC.1.