6-1.1-10-48. Property Tax Exemption; Nonprofit Health, Fitness, Aquatics, and Community Center
Sec. 48. (a) This section applies to assessment dates occurring after December 31, 2016. (b) Tangible property is exempt from property taxation if: (1) it is owned by an Indiana nonprofit public benefit corporation exempt from taxation under Section 501(c)(3) of the Internal Revenue Code; (2) the property is used in the operation of a […]
6-1.1-10-36.3. Property Used or Occupied for One or More Stated Purposes; Applicability of Exemption; Limitations
Sec. 36.3. (a) For purposes of this section, property is predominantly used or occupied for one (1) or more stated purposes if it is used or occupied for one (1) or more of those purposes during more than fifty percent (50%) of the time that it is used or occupied in the year that ends […]
6-1.1-10-49. Property Tax Exemption; Transportation Facility
Sec. 49. (a) This section applies to assessment dates occurring after December 31, 2022. (b) Tangible property (including without limitation, land, personal property, real property, and improvements to land) is exempt from property taxation if the property is used as a part of or incorporated into a transportation facility (as defined IC 5-23-2-17) under a […]
6-1.1-10-36.5. Property of Exempt Organization Used in Nonexempt Trade or Business
Sec. 36.5. (a) Tangible property is not exempt from property taxation under sections 16 through 28 of this chapter or under section 33 of this chapter if it is used by the exempt organization in a trade or business, not substantially related to the exercise or performance of the organization’s exempt purpose. (b) Property referred […]
6-1.1-10-50. Property Tax Exemption; Property Located in an Innovation Development District
Sec. 50. Property designated as exempt under IC 36-7-32.5-15(b) by an executive or the Indiana economic development corporation is exempt from property taxation. As added by P.L.135-2022, SEC.4.
6-1.1-10-37. Leases of Exempt Property; Effect
Sec. 37. (a) This section does not apply to the lease of a dwelling unit within a public housing project by the tenant of that dwelling unit. (b) If real property that is exempt from taxation is leased to another whose property is not exempt and the leasing of the real property does not make […]
6-1.1-10-37.5. Common Areas in a Residential Development; Land; Improvements; Exemption Procedures; Review by the County Board
Sec. 37.5. (a) As used in this section, “common area” means a parcel of land, including improvements, in a residential development that: (1) is legally reserved for the exclusive use and enjoyment of all lot owners, occupants, and their guests, regardless of whether a lot owner makes actual use of the land; (2) is owned […]
6-1.1-10-37.8. Homeowners Associations; Held for Use, Benefit, or Enjoyment of Members
Sec. 37.8. For assessment dates after December 31, 2015, tangible personal property is exempt from property taxation if that tangible personal property: (1) is owned by a homeowners association (as defined in IC 32-25.5-2-4); and (2) is held by the homeowners association for the use, benefit, or enjoyment of members of the homeowners association. As […]
6-1.1-10-38. Property Tax Exemption Provisions; Enumeration
Revisor’s Note: The online version of this section appeared incorrectly from July 1, 2015 until October 6, 2015. Use the following version of this section. Sec. 38. This chapter does not contain all of the property tax exemption provisions. The property taxation exemption provisions include, but are not limited to, the following sections: IC 4-20.5-14-3 […]
6-1.1-10-39. Intangible Personal Property Exemptions
Sec. 39. Intangible personal property, including the following, is exempt from taxation under this article: (1) A promissory note. (2) A share of stock in a foreign corporation. (3) A bond. (4) A debenture. (5) A postal savings certificate. (6) Equity in a brokerage or trading account. (7) A deposit of money. (8) A loan […]