Indiana § 36-9-11.1-11 Tax exemption of property, funds, and receipts; leases or sales for
private use

Indiana Statutes

§ 36-9-11.1-11 — Tax exemption of property, funds, and receipts; leases or sales for private use

Indiana § 36-9-11.1-11

Title 36LOCAL GOVERNMENT

Art. 9TRANSPORTATION AND PUBLIC WORKS

Ch. 11.1Parking Facilities in Marion County

This text of Indiana § 36-9-11.1-11 (Tax exemption of property, funds, and receipts; leases or sales for private use) 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 § 36-9-11.1-11 (2026).

Text

(a)All property of every kind, including air rights, acquired for off-street parking purposes, and all its funds and receipts, are exempt from taxation for all purposes. When any real property is acquired by the consolidated city, the county auditor shall, upon certification of that fact by the board, cancel all taxes then a lien. The certificate of the board must specifically describe the real property, including air rights, and the purpose for which acquired.

(b)A lessee of the city may not be assessed any tax upon any land, air rights, or improvements leased from the city, but the separate leasehold interest has the same status as leases on taxable real property, notwithstanding any other law. Whenever the city sells any such property to anyone for private use, the property becomes li

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(a) All property of every kind, including
air rights, acquired for off-street parking purposes, and all its funds and
receipts, are exempt from taxation for all purposes. When any real
property is acquired by the consolidated city, the county auditor shall,
upon certification of that fact by the board, cancel all taxes then a lien.
The certificate of the board must specifically describe the real property,
including air rights, and the purpose for which acquired.
(b) A lessee of the city may not be assessed any tax upon any land,
air rights, or improvements leased from the city, but the separate
leasehold interest has the same status as leases on taxable real property,
notwithstanding any other law. Whenever the city sells any such
property to anyone for private use, the property becomes liable for all
taxes after that, as other property is so liable and is assessed, and the
board shall report all such sales to the township assessor, or the county
assessor if there is no township assessor for the township, who shall
cause the property to be upon the proper tax records.
(c) If the duties of the township assessor have been transferred to the
county assessor as described in IC 6-1.1-1-24, a reference to the
township assessor in this section is considered to be a reference to the
county assessor.
As added by Acts 1982, P.L.77, SEC.13. Amended by
P.L.219-2007, SEC.143; P.L.146-2008, SEC.789.