Indiana Statutes
§ 6-1.1-12.4-12 — Change of ownership
Indiana § 6-1.1-12.4-12
This text of Indiana § 6-1.1-12.4-12 (Change of ownership) 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 § 6-1.1-12.4-12 (2026).
Text
If ownership of the real property or new personal property changes, the deduction under this chapter continues to apply to the real property or personal property, and the amount of deduction is the product of:
(1)the percentage under section 2(c)(2)(B) or 3(c)(2)(B) of this
chapter that would have applied if the ownership of the property
had not changed; multiplied by
(2)the assessed value of the real property or personal property for
the year the new owner qualifies for the deduction.
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Legislative History
As added by P.L.193-2005, SEC.8.
Nearby Sections
15
§ 6-1.1-1-1
Applicability§ 6-1.1-1-1.5
"Assessing official"§ 6-1.1-1-10
"Person"§ 6-1.1-1-11
"Personal property"§ 6-1.1-1-12
"Political subdivision"§ 6-1.1-1-13
Repealed§ 6-1.1-1-14
"Property taxation"§ 6-1.1-1-15
"Real property"§ 6-1.1-1-16
"School corporation"§ 6-1.1-1-17
"Special assessment"§ 6-1.1-1-18
"State agency"§ 6-1.1-1-19
"Tangible property"§ 6-1.1-1-2
"Assessment date"§ 6-1.1-1-20
"Taxing district"§ 6-1.1-1-21
"Taxing unit"Cite This Page — Counsel Stack
Bluebook (online)
Indiana § 6-1.1-12.4-12, Counsel Stack Legal Research, https://law.counselstack.com/statute/in/6-1.1-12.4-12.