Indiana Statutes
§ 4-20.5-7-9 — Appraisal
Indiana § 4-20.5-7-9
This text of Indiana § 4-20.5-7-9 (Appraisal) 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 § 4-20.5-7-9 (2026).
Text
(a)This section applies only to the following:
(1)The transfer of property to a political subdivision under
section 10 of this chapter.
(2)The sale of property under sections 11 through 16 of this
chapter.
(b)This section does not apply under the following circumstances:
(1)The lease of property for a term of four (4) years or less.
(2)If the commissioner or agency real estate professional
determines that the value of the property is likely to be less than
either of the following:
(A)Ten thousand dollars ($10,000).
(B)An amount established by the department in rules adopted
under IC 4-22-2.
(c)The property shall be appraised by an appraiser who has the
qualifications determined by the commissioner.
(d)The transferring agency shall pay for the cost of the appraisal.
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Legislative History
As added by P.L.7-1993, SEC.7. Amended by P.L.12-2022,
SEC.1.
Nearby Sections
15
§ 4-1-1-1
Dates beginning and ending§ 4-1-1-2
Reports to governor§ 4-1-10-1
Applicability§ 4-1-10-1.5
"Person"§ 4-1-10-11
Attorney general investigation of disclosures; notice to county
prosecutor and state police§ 4-1-10-12
Attorney general determination of infraction; report to appointing
authority and county prosecutor§ 4-1-10-13
Attorney general rulemaking authority§ 4-1-10-2
"State agency"§ 4-1-10-3
Nondisclosure of Social Security number§ 4-1-10-6
State agency complianceCite This Page — Counsel Stack
Bluebook (online)
Indiana § 4-20.5-7-9, Counsel Stack Legal Research, https://law.counselstack.com/statute/in/4-20.5-7-9.