Indiana § 6-1.1-12-45 Automatic one year carryover of deductions; limitations; specification
of year for which deduction claim applies

Indiana Statutes

§ 6-1.1-12-45 — Automatic one year carryover of deductions; limitations; specification of year for which deduction claim applies

Indiana § 6-1.1-12-45

Art. 1.1PROPERTY TAXES

Ch. 12Assessed Value Deductions and Deduction Procedures

This text of Indiana § 6-1.1-12-45 (Automatic one year carryover of deductions; limitations; specification of year for which deduction claim applies) 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 § 6-1.1-12-45 (2026).

Text

(a)Subject to subsections (b) and (c), a deduction under this chapter applies for an assessment date and for the property taxes due and payable based on the assessment for that assessment date, regardless of whether with respect to the real property or mobile home or manufactured home not assessed as real property:

(1)the title is conveyed one (1) or more times; or

(2)one (1) or more contracts to purchase are entered into; after that assessment date and on or before the next succeeding assessment date.

(b)Subsection (a) applies regardless of whether:

(1)one (1) or more grantees of title under subsection (a)(1); or

(2)one (1) or more contract purchasers under subsection (a)(2); file a statement under this chapter to claim the deduction.

(c)A deduction applies under subsection (a) for

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(a) Subject to subsections (b) and (c), a
deduction under this chapter applies for an assessment date and for the
property taxes due and payable based on the assessment for that
assessment date, regardless of whether with respect to the real property
or mobile home or manufactured home not assessed as real property:
(1) the title is conveyed one (1) or more times; or
(2) one (1) or more contracts to purchase are entered into;
after that assessment date and on or before the next succeeding
assessment date.
(b) Subsection (a) applies regardless of whether:
(1) one (1) or more grantees of title under subsection (a)(1); or
(2) one (1) or more contract purchasers under subsection (a)(2);
file a statement under this chapter to claim the deduction.
(c) A deduction applies under subsection (a) for only one (1) year.
The requirements of this chapter for filing a statement to apply for a
deduction under this chapter apply to subsequent years. A person who
fails to apply for a deduction or credit under this article by the
deadlines prescribed by this article may not apply for the deduction or
credit retroactively.
(d) If:
(1) a taxpayer wishes to claim a deduction under this chapter for
a desired calendar year in which property taxes are first due and
payable;
(2) the taxpayer files a statement under this chapter on or before
January 15 of the calendar year in which the property taxes are
first due and payable; and
(3) the eligibility criteria for the deduction are met;
the deduction applies for the desired calendar year in which the
property taxes are first due and payable.
(e) A person who is required to record a contract with a county
recorder in order to qualify for a deduction under this article must
record the contract, or a memorandum of the contract, before, or
concurrently with, the filing of the corresponding deduction
application.
(f) Before a county auditor terminates a deduction under this article,
the county auditor shall give to the person claiming the deduction
written notice that states the county auditor's intention to terminate the
deduction and the county auditor's reason for terminating the
deduction. The county auditor may send the notice to the taxpayer
claiming the deduction by first class mail or by electronic mail. A
notice issued under this subsection is not appealable under IC 6-1.1-15.
However, after a deduction is terminated by a county auditor, the
taxpayer may appeal the county auditor's action under IC 6-1.1-15.

Legislative History

As added by P.L.144-2008, SEC.38. Amended by P.L.183-2014, SEC.16; P.L.255-2017, SEC.14; P.L.214-2019, SEC.18; P.L.257-2019, SEC.29; P.L.174-2022, SEC.24; P.L.136-2024, SEC.17.