Indiana § 6-1.1-24-8 Failure to pay bid; effect

Indiana Statutes

§ 6-1.1-24-8 — Failure to pay bid; effect

Indiana § 6-1.1-24-8

Art. 1.1PROPERTY TAXES

Ch. 24Sale of Real Property When Taxes or Special

This text of Indiana § 6-1.1-24-8 (Failure to pay bid; effect) 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 § 6-1.1-24-8 (2026).

Text

When one who purchases real property at a tax
sale fails to pay the bid, the real property shall again be offered for sale.
A purchaser who fails to pay the bid shall pay a civil penalty of
twenty-five percent (25%) of the amount of the bid. The prosecuting
attorney of the appropriate judicial circuit shall initiate an action in the
name of the state treasurer to recover the civil penalty. Amounts
collected under this section shall be deposited in the county general
fund.
[Pre-1975 Property Tax Recodification Citation:
6-1-56-8.]
Formerly: Acts 1975, P.L.47, SEC.1. As amended by
P.L.139-2001, SEC.7; P.L.89-2007, SEC.8; P.L.148-2024,
SEC.2.

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

When one who purchases real property at a tax
sale fails to pay the bid, the real property shall again be offered for sale.
A purchaser who fails to pay the bid shall pay a civil penalty of
twenty-five percent (25%) of the amount of the bid. The prosecuting
attorney of the appropriate judicial circuit shall initiate an action in the
name of the state treasurer to recover the civil penalty. Amounts
collected under this section shall be deposited in the county general
fund.
[Pre-1975 Property Tax Recodification Citation:
6-1-56-8.]
Formerly: Acts 1975, P.L.47, SEC.1. As amended by
P.L.139-2001, SEC.7; P.L.89-2007, SEC.8; P.L.148-2024,
SEC.2.