Indiana § 6-1.1-12-46 Eligibility of transferred property for certain deductions

Indiana Statutes

§ 6-1.1-12-46 — Eligibility of transferred property for certain deductions

Indiana·Art. 1.1 PROPERTY TAXES·Ch. 12 Assessed Value Deductions and Deduction Procedures

(a)This section applies to real property for an assessment date in 2011 or a later year if:

(1)the real property is not exempt from property taxation for the assessment date;

(2)title to the real property is transferred after the assessment date and on or before the December 31 that next succeeds the assessment date;

(3)the transferee of the real property applies for an exemption under IC 6-1.1-11 for the next succeeding assessment date; and

(4)the county property tax assessment board of appeals determines that the real property is exempt from property taxation for that next succeeding assessment date.

(b)For the assessment date referred to in subsection (a)(1), real property is eligible for any deductions for which the transferor under subsection (a)(2) was eligible for that assessm

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(a) This section applies to real property for
an assessment date in 2011 or a later year if:
(1) the real property is not exempt from property taxation for the
assessment date;
(2) title to the real property is transferred after the assessment date
and on or before the December 31 that next succeeds the
assessment date;
(3) the transferee of the real property applies for an exemption
under IC 6-1.1-11 for the next succeeding assessment date; and
(4) the county property tax assessment board of appeals
determines that the real property is exempt from property taxation
for that next succeeding assessment date.
(b) For the assessment date referred to in subsection (a)(1), real
property is eligible for any deductions for which the transferor under
subsection (a)(2) was eligible for that assessment date under the
following:
(1) IC 6-1.1-12-1 (before its repeal).
(2) IC 6-1.1-12-9 (before its expiration).
(3) IC 6-1.1-12-11 (before its expiration).
(4) IC 6-1.1-12-13.
(5) IC 6-1.1-12-14.
(6) IC 6-1.1-12-16 (before its expiration).
(7) IC 6-1.1-12-17.4 (before its expiration).
(8) IC 6-1.1-12-18 (before its expiration).
(9) IC 6-1.1-12-22 (before its expiration).
(10) IC 6-1.1-12-37.
(11) IC 6-1.1-12-37.5.
(c) For the payment date applicable to the assessment date referred
to in subsection (a)(1), real property is eligible for the credit for
excessive residential property taxes under IC 6-1.1-20.6 for which the
transferor under subsection (a)(2) would be eligible for that payment
date if the transfer had not occurred.

Indiana § 6-1.1-12-46 (Eligibility of transferred property for certain deductions) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Legislative History

As added by P.L.172-2011, SEC.29. Amended by P.L.250-2015, SEC.8; P.L.181-2016, SEC.11; P.L.174-2022, SEC.25; P.L.68-2025, SEC.51; P.L.230-2025, SEC.38.