§ 6-1.1-22.5-18.5 — Installment payments; tax due on reconciliation statement

Indiana § 6-1.1-22.5-18.5

• Jurisdiction: Indiana
• Art. 1.1: PROPERTY TAXES
• Ch. 22.5: Provisional Property Tax Statements

Text

5. (a) A county council may adopt an
ordinance to allow a taxpayer to make installment payments under this
section of a tax payment due under a reconciling statement issued
under this chapter or any other provision.
(b) An ordinance adopted under this section must specify:
(1) the reconciling statement to which the ordinance applies; and
(2) the installment due dates for taxpayers that choose to make
installment payments.
(c) An ordinance adopted under this section must give taxpayers in
the county the option of:
(1) making a single payment of the tax payment due under the
reconciling statement on the date specified in the reconciling
statement; or
(2) paying installments of the tax payment due under the
reconciling statement over the installment period specified in the
ordinance.
(d) If the total amount due on an installment date under this section
is not completely paid on or before that installment date, the amount
unpaid is considered delinquent and a penalty is added to the unpaid
amount. The penalty is equal to an amount determined as follows:
(1) If:
(A) the delinquent amount of real property taxes is completely
paid on or before the date thirty (30) days after the installment
date; and
(B) the taxpayer is not liable for delinquent property taxes first
due and payable in a previous year for the same parcel;
the amount of the penalty is equal to five percent (5%) of the
delinquent amount.
(2) If:
(A) the delinquent amount of personal property taxes is
completely paid on or before the date thirty (30) days after the
installment date; and
(B) the taxpayer is not liable for delinquent property taxes first
due and payable in a previous year for a personal property tax
return for property in the same taxing district;
the amount of the penalty is equal to five percent (5%) of the
delinquent amount.
(3) If neither subdivision (1) nor (2) applies, the amount of the
penalty is equal to ten percent (10%) of the delinquent amount.
(e) An additional penalty equal to ten percent (10%) of any taxes due
on an installment date that remain unpaid shall be added on the day
immediately following the date of the final installment payment.
(f) The penalties under this section are imposed on only the principal
amount of the delinquent taxes.
(g) Notwithstanding any other provision, an ordinance adopted under
this section may apply to the payment of amounts due under any
reconciling statements issued by a county.
(h) Approval by the department of local government finance is not
required for the adoption of an ordinance under this section.

Legislative History

As added by P.L.146-2008, SEC.256.