Indiana § 6-1.1-24-6.4 Distribution of proceeds of sale of certificates of sale; tax sale surplus
fund; county auditor duty on assignment of certificate

Indiana Statutes

§ 6-1.1-24-6.4 — Distribution of proceeds of sale of certificates of sale; tax sale surplus fund; county auditor duty on assignment of certificate

Indiana § 6-1.1-24-6.4

Art. 1.1PROPERTY TAXES

Ch. 24Sale of Real Property When Taxes or Special

This text of Indiana § 6-1.1-24-6.4 (Distribution of proceeds of sale of certificates of sale; tax sale surplus fund; county auditor duty on assignment of certificate) 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 § 6-1.1-24-6.4 (2026).

Text

4.

(a)When a certificate of sale is sold under section 6.1 of this chapter, the purchaser at the sale shall immediately pay the amount of the bid to the county treasurer. The county treasurer shall apply the payment in the following manner:

(1)First, to the taxes, special assessments, penalties, and costs described in section 5(e) of this chapter.

(2)Second, to other delinquent property taxes in the manner provided in IC 6-1.1-23-5(b).

(3)Third, to a separate "tax sale surplus fund".

(b)For any tract or item of real property for which a tax sale certificate is sold under section 6.1 of this chapter, if taxes or special assessments, or both, become due on the tract or item of real property during the period of redemption specified under IC 6-1.1-25-4, the county treasurer may pay the t

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4. (a) When a certificate of sale is sold under
section 6.1 of this chapter, the purchaser at the sale shall immediately
pay the amount of the bid to the county treasurer. The county treasurer
shall apply the payment in the following manner:
(1) First, to the taxes, special assessments, penalties, and costs
described in section 5(e) of this chapter.
(2) Second, to other delinquent property taxes in the manner
provided in IC 6-1.1-23-5(b).
(3) Third, to a separate "tax sale surplus fund".
(b) For any tract or item of real property for which a tax sale
certificate is sold under section 6.1 of this chapter, if taxes or special
assessments, or both, become due on the tract or item of real property
during the period of redemption specified under IC 6-1.1-25-4, the
county treasurer may pay the taxes or special assessments, or both, on
the tract or item of real property from the tax sale surplus held in the
name of the taxpayer, if any, after the taxes or special assessments
become due.
(c) The:
(1) owner of record of the real property at the time the tax deed is
issued who is divested of ownership by the issuance of a tax deed;
or
(2) purchaser of the certificate or the purchaser's assignee, upon
redemption of the tract or item of real property;
may file a verified claim for money that is deposited in the tax sale
surplus fund. If the claim is approved by the county auditor and the
county treasurer, the county auditor shall issue a warrant to the
claimant for the amount due.
(d) Unless the redemption period specified under IC 6-1.1-25 has
been extended under federal bankruptcy law, an amount deposited in
the tax sale surplus fund shall be transferred by the county auditor to
the county general fund and may not be disbursed under subsection (c)
if it is claimed more than three (3) years after the date of its receipt.
(e) Upon the assignment of the certificate of sale to the purchaser, the
county auditor shall indicate on the certificate the amount for which the
certificate of sale was sold.