6-1.1-46.2-8. Abatement Schedule; Duration
Sec. 8. The district board, with the approval of the fiscal body of the municipality in which the district is located, shall determine the abatement schedule for a deduction granted under this chapter. An abatement schedule must specify the percentage amount of the deduction for each year of the deduction. An abatement schedule may not […]
6-1.1-46.2-9. Amount of Deduction
Sec. 9. Subject to the requirements of this chapter, the amount of the deduction a property owner is entitled to receive under this chapter for a particular year equals the product of: (1) the assessed value of the building or part of the building that is occupied by the property owner or a tenant of […]
6-1.1-46.2-10. Process to Claim Deduction; Compliance Information
Sec. 10. (a) The district board shall send to the county auditor a certified copy of a resolution approving a deduction under this chapter. A property owner who desires to obtain a deduction under this chapter for an assessment date must file a certified deduction application, on forms prescribed by the department of local government […]
6-1.1-46.2-11. Failure to Comply With Statement of Benefits; Hearing; Determination; Resolution; Notice; Appeal
Sec. 11. (a) Not later than forty-five (45) days after receipt of the information described in section 10(b) of this chapter concerning compliance with the statement of benefits, the district board may determine whether the property owner has substantially complied with the statement of benefits. If the district board determines that the property owner has […]
6-1.1-46.2-12. Fee for Filing an Application; Standards for Granting a Deduction
Sec. 12. A district board may, by resolution, do the following: (1) Impose a fee for the filing of an application for a deduction under this chapter. The fee may be sufficient to defray actual processing and administrative costs associated with the application. (2) Establish general written standards for the granting of a deduction under […]
6-1.1-47-1. Definitions
Sec. 1. The following definitions apply throughout this chapter: (1) “Eligible transfer of real property” means the transfer of an item of real property by a transferring entity under any of the following statutes: (A) IC 36-7-14-22.5. (B) IC 36-7-15.1-15.5. (C) IC 36-7-38. (2) “Land bank” has the meaning set forth in IC 36-7-38-1. (3) […]
6-1.1-47-2. Adoption of Ordinance
Sec. 2. (a) A county fiscal body of a county in which a transferring entity is authorized to operate may adopt an ordinance to have this chapter apply in the county. (b) An ordinance adopted under this section must specify the percentage of property tax revenue that is to be allocated to transferring entities under […]
6-1.1-46-7. List of Properties Eligible for the Deduction
Sec. 7. (a) This section applies if an ordinance adopted under section 2 of this chapter is in effect in a county. (b) Each year in a county’s deduction allowance period, for each report received from a land bank under section 6 of this chapter, the county auditor shall prepare a list of those properties […]
6-1.1-47-3. Change of Allocation Percentage
Sec. 3. If an ordinance adopted under section 2 of this chapter is in effect in a county, subject to the requirements of section 2 of this chapter, the county fiscal body may adopt an ordinance changing the percentage of property tax revenue that is to be allocated to transferring entities under this chapter. As […]
6-1.1-45.5-1. Definitions
Sec. 1. As used in this chapter: (1) “board” refers to the county property tax assessment board of appeals; (2) “brownfield” has the meaning set forth in IC 13-11-2-19.3; (3) “contaminant” has the meaning set forth in IC 13-11-2-42; (4) “delinquent tax liability” means: (A) delinquent property taxes; (B) delinquent special assessments; (C) interest; (D) […]