Indiana § 6-1.1-46-5 Deduction

Indiana Statutes

§ 6-1.1-46-5 — Deduction

Indiana § 6-1.1-46-5

Art. 1.1PROPERTY TAXES

Ch. 46County Option Deduction for Land Bank Transferees

This text of Indiana § 6-1.1-46-5 (Deduction) 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 § 6-1.1-46-5 (2026).

Text

If an ordinance adopted under section 2 of this chapter is in effect in a county, a person to whom a land bank transfers real property in a county during the eligible transfer period is entitled to a deduction from the assessed value of the real property for each of the five (5) consecutive years immediately following the year in which the land bank transfers the real property to the person in an amount equal to:

(1)the percentage specified in an ordinance adopted under section 2 or 3 of this chapter, as applicable; multiplied by

(2)the assessed value of the property transferred by the land bank to the person.

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

If an ordinance adopted under section 2 of this
chapter is in effect in a county, a person to whom a land bank transfers
real property in a county during the eligible transfer period is entitled
to a deduction from the assessed value of the real property for each of
the five (5) consecutive years immediately following the year in which
the land bank transfers the real property to the person in an amount
equal to:
(1) the percentage specified in an ordinance adopted under
section 2 or 3 of this chapter, as applicable; multiplied by
(2) the assessed value of the property transferred by the land bank
to the person.