Indiana § 6-1.1-15-10.5 Authorization to establish a property tax assessment appeals fund;
transfers to the fund; uses; money transferred to the fund is disregarded
in determining a taxing unit's property tax levy

Indiana Statutes

§ 6-1.1-15-10.5 — Authorization to establish a property tax assessment appeals fund; transfers to the fund; uses; money transferred to the fund is disregarded in determining a taxing unit's property tax levy

Indiana § 6-1.1-15-10.5

Art. 1.1PROPERTY TAXES

Ch. 15Procedures for Review and Appeal of Assessment and

This text of Indiana § 6-1.1-15-10.5 (Authorization to establish a property tax assessment appeals fund; transfers to the fund; uses; money transferred to the fund is disregarded in determining a taxing unit's property tax levy) 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 § 6-1.1-15-10.5 (2026).

Text

5.

(a)The fiscal officer of a taxing unit may establish a separate fund known as the property tax assessment appeals fund to hold property tax receipts that are attributable to an increase in the taxing unit's tax rate caused by a reduction in the taxing unit's net assessed value under IC 6-1.1-17-0.5.

(b)A taxing unit may transfer property tax receipts from a fund that is not a debt service fund to the taxing unit's property tax assessment appeals fund. A taxing unit may not transfer property tax receipts from a debt service fund to the taxing unit's property tax assessment appeals fund.

(c)A taxing unit may use money in the taxing unit's property tax assessment appeals fund only to pay the following:

(1)Expenses incurred by a county assessor or county auditor in defending appeals pro

Free access — add to your briefcase to read the full text and ask questions with AI

5. (a) The fiscal officer of a taxing unit
may establish a separate fund known as the property tax assessment
appeals fund to hold property tax receipts that are attributable to an
increase in the taxing unit's tax rate caused by a reduction in the taxing
unit's net assessed value under IC 6-1.1-17-0.5.
(b) A taxing unit may transfer property tax receipts from a fund that
is not a debt service fund to the taxing unit's property tax assessment
appeals fund. A taxing unit may not transfer property tax receipts from
a debt service fund to the taxing unit's property tax assessment appeals
fund.
(c) A taxing unit may use money in the taxing unit's property tax
assessment appeals fund only to pay the following:
(1) Expenses incurred by a county assessor or county auditor in
defending appeals prosecuted under this chapter with respect to
property located in the taxing unit.
(2) Refunds under IC 6-1.1-26-3.1.
(d) The balance in a taxing unit's property tax assessment appeals
fund may not exceed five percent (5%) of the amount budgeted by the
taxing unit for a particular year.
(e) Money transferred to a taxing unit's property tax assessment
appeals fund is not considered miscellaneous revenue. Both the taxing
unit and the department of local government finance shall disregard
any balance in the taxing unit's property tax assessment appeals fund
in the determination of the taxing unit's property tax levy, property tax
rate, and budget (except for appropriations for the purposes permitted
by subsection (c)) for a particular calendar year.
(f) Property tax receipts that qualify as levy excess under IC 6-1.1-18.5-17 and IC 20-44-3 must be treated as levy excess and are
not eligible for transfer to a taxing unit's property tax assessment
appeals fund.