§ 6-1.1-25-9 — Sale of property acquired by county; application of proceeds; report; actions by county executive

Indiana § 6-1.1-25-9

• Jurisdiction: Indiana
• Art. 1.1: PROPERTY TAXES
• Ch. 25: Redemption of and Tax Deeds for Real Property Sold

Text

(a) When a county acquires title to real
property under IC 6-1.1-24 and this chapter, the county executive may
dispose of the real property under IC 36-1-11 or subsection (e). The
proceeds of any sale under IC 36-1-11 shall be applied as follows:
(1) First, to the cost of the sale or offering for sale of the real
property, including the cost of:
(A) maintenance;
(B) preservation;
(C) administration of the property before the sale or offering for
sale of the property;
(D) unpaid costs of the sale or offering for sale of the property;
(E) preparation of the property for sale;
(F) advertising; and
(G) appraisal.
(2) Second, to any unrecovered cost of the sale or offering for sale
of other real property in the same taxing district acquired by the
county under IC 6-1.1-24 and this chapter, including the cost of:
(A) maintenance;
(B) preservation;
(C) administration of the property before the sale or offering for
sale of the property;
(D) unpaid costs of the sale or offering for sale of the property;
(E) preparation of the property for sale;
(F) advertising; and
(G) appraisal.
(3) Third, to the payment of the taxes on the real property that
were removed from the tax duplicate under section 4(c) of this
chapter.
(4) Fourth, any surplus remaining into the county general fund.
(b) The county auditor shall file a report with the board of
commissioners before January 31 of each year. The report must:
(1) list the real property acquired under IC 6-1.1-24 and this
chapter; and
(2) indicate if any person resides or conducts a business on the
property.
(c) The county auditor shall mail a notice by certified mail, return
receipt requested, before March 31 of each year to each person listed
in subsection (b)(2). The notice must state that the county has acquired
title to the tract the person occupies.
(d) If the county executive determines that any real property
acquired under this section should be retained by the county, then the
county executive shall not dispose of the real property. The county
executive may repair, maintain, equip, alter, and construct buildings
upon the real property so retained in the same manner prescribed for
other county buildings.
(e) The county executive may transfer title to real property
described in subsection (a) to the redevelopment commission at no cost
to the commission for sale, grant, or other disposition under IC 36-7-14-22.2, IC 36-7-14-22.5, IC 36-7-15.1-15.1, IC 36-7-15.1-15.2,
or IC 36-7-15.1-15.5.
(f) If the real property is located in a geographic area that is not
served by a redevelopment commission and the county executive
determines that any real property acquired under this section should be
held for later sale or transfer by the county executive, the county
executive shall wait until an appropriate time to dispose of the real
property. The county executive may do the following:
(1) Examine, classify, manage, protect, insure, and maintain the
property being held.
(2) Eliminate deficiencies (including environmental deficiencies),
carry out repairs, remove structures, make improvements, and
control the use of the property.
(3) Lease the property while it is being held.
The county executive may enter into contracts to carry out part or all of
the functions described in subdivisions (1) through (3).
[Pre-1975 Property Tax Recodification Citation: 6-1-57-8
part.]
Formerly: Acts 1975, P.L.47, SEC.1. As amended by
P.L.60-1988, SEC.17; P.L.14-1991, SEC.8; P.L.39-1994, SEC.21;
P.L.31-1994, SEC.9; P.L.2-1995, SEC.30; P.L.73-2001, SEC.1;
P.L.113-2002, SEC.3; P.L.169-2006, SEC.31; P.L.236-2015,
SEC.6.