Indiana § 6-1.1-15-1.5 Authorization to enter into agreements to waive review of an
assessment in an allocation area during the term of bonds or lease
obligations payable from allocated property taxes

Indiana Statutes

§ 6-1.1-15-1.5 — Authorization to enter into agreements to waive review of an assessment in an allocation area during the term of bonds or lease obligations payable from allocated property taxes

Indiana § 6-1.1-15-1.5

Art. 1.1PROPERTY TAXES

Ch. 15Procedures for Review and Appeal of Assessment and

This text of Indiana § 6-1.1-15-1.5 (Authorization to enter into agreements to waive review of an assessment in an allocation area during the term of bonds or lease obligations payable from allocated property taxes) 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 § 6-1.1-15-1.5 (2026).

Text

5.

(a)As used in this section, "allocation area" refers to an area that is established under the authority of any of the following statutes and in which tax increment revenues are collected:

(1)IC 6-1.1-39.

(2)IC 8-22-3.5.

(3)IC 36-7-14.

(4)IC 36-7-14.5.

(5)IC 36-7-15.1.

(6)IC 36-7-30.

(7)IC 36-7-30.5.

(8)IC 36-7-32.

(b)A taxpayer may enter into a written agreement with an entity that is authorized to establish an allocation area in which the taxpayer waives review of any assessment of the taxpayer's tangible property that is located in an allocation area for an assessment date that occurs during the term of any specified bond or lease obligations that are payable from property taxes in accordance with an allocation provision for the allocation area and any applicable statute, or

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5. (a) As used in this section, "allocation
area" refers to an area that is established under the authority of any of
the following statutes and in which tax increment revenues are
collected:
(1) IC 6-1.1-39.
(2) IC 8-22-3.5.
(3) IC 36-7-14.
(4) IC 36-7-14.5.
(5) IC 36-7-15.1.
(6) IC 36-7-30.
(7) IC 36-7-30.5.
(8) IC 36-7-32.
(b) A taxpayer may enter into a written agreement with an entity that
is authorized to establish an allocation area in which the taxpayer
waives review of any assessment of the taxpayer's tangible property
that is located in an allocation area for an assessment date that occurs
during the term of any specified bond or lease obligations that are
payable from property taxes in accordance with an allocation provision
for the allocation area and any applicable statute, ordinance, or
resolution. An agreement described in this subsection may precede the
establishment of the allocation area or the determination to issue bonds
or enter into leases payable from the allocated property taxes.
(c) If a taxpayer enters into a written agreement described in
subsection (b) with an entity that is authorized to establish an allocation
area with respect to tangible property located in a particular allocation
area, the taxpayer may not:
(1) obtain a review by the county board of a county or township
official's assessment of the tangible property;
(2) obtain a review by the Indiana board of the county or township
official's assessment of the tangible property; or
(3) obtain judicial review of the county or township official's
assessment of the tangible property;
for an assessment date that occurs during the term of any specified
bond or lease obligations that are payable from property taxes in
accordance with an allocation provision for the allocation area and any
applicable statute, ordinance, or resolution.