Indiana § 6-1.1-26-4.2 Refund in excess of $500,000 as a result of a property tax appeal;
application to future installments

Indiana Statutes

§ 6-1.1-26-4.2 — Refund in excess of $500,000 as a result of a property tax appeal; application to future installments

Indiana § 6-1.1-26-4.2

Art. 1.1PROPERTY TAXES

Ch. 26Refunds for Erroneous or Excessive Tax Payments

This text of Indiana § 6-1.1-26-4.2 (Refund in excess of $500,000 as a result of a property tax appeal; application to future installments) 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 § 6-1.1-26-4.2 (2026).

Text

2.

(a)This section applies to any refund for a property resulting from a real property tax assessment appeal for the property for an assessment date occurring after December 31, 2014. This section does not apply if any refund for a property under appeal has been paid before January 1, 2020. Except as modified by this section, all other provisions of IC 6-1.1 apply regarding the payment of refunds and application of credits.

(b)If, upon conclusion of a real property tax assessment appeal, the total amount of property taxes owed to the taxpayer as a result of the appeal is five hundred thousand dollars ($500,000) or more for the assessment dates under appeal, the auditor of the county in which the property is located may, instead of a refund, elect to apply credits in equal installments to

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2. (a) This section applies to any refund for
a property resulting from a real property tax assessment appeal for the
property for an assessment date occurring after December 31, 2014.
This section does not apply if any refund for a property under appeal
has been paid before January 1, 2020. Except as modified by this
section, all other provisions of IC 6-1.1 apply regarding the payment of
refunds and application of credits.
(b) If, upon conclusion of a real property tax assessment appeal, the
total amount of property taxes owed to the taxpayer as a result of the
appeal is five hundred thousand dollars ($500,000) or more for the
assessment dates under appeal, the auditor of the county in which the
property is located may, instead of a refund, elect to apply credits in
equal installments to future property tax installments for the property
over a period of not more than:
(1) five (5) years following the date of the conclusion of the
assessment appeal, if the total amount of property taxes owed to
the taxpayer as a result of the appeal is:
(A) greater than or equal to five hundred thousand dollars
($500,000); and
(B) less than five million dollars ($5,000,000);
(2) seven (7) years following the date of the conclusion of the
assessment appeal, if the total amount of property taxes owed to
the taxpayer as a result of the appeal is:
(A) greater than or equal to five million dollars ($5,000,000);
and
(B) less than ten million dollars ($10,000,000); or
(3) ten (10) years following the date of the conclusion of the
assessment appeal, if the total amount of property taxes owed to
the taxpayer as a result of the appeal is greater than or equal to ten
million dollars ($10,000,000).
The auditor may elect to accelerate credits or to provide a full or partial
refund within the period specified under subdivision (1), (2), or (3), as
applicable.
(c) Notwithstanding subsection (b), if a claimant is no longer the
taxpayer for the property on which the appeal was filed, the
overpayment shall not be applied as a credit and the overpayment may
be refunded in equal installments over the period specified in
subsection (b)(1), (b)(2), or (b)(3), as applicable.