Auction of property; record; proceeds of sale
Sec. 5. (a) If the delinquent taxes, penalties, and collection
expenses are not paid before the time set for the sale, the county
treasurer shall sell sufficient personal property of the taxpayer to pay
the delinquent taxes, penalties, and collection expenses. The county
treasurer shall, at the time and place designated in the notice, sell the
personal property at public auction to the highest bidder. The county
treasurer shall keep a record of all sales in the form prescribed by the
state board of accounts. The proceeds of the sale shall be paid into
the county treasury and applied as follows:
(1) first, to the collection expenses;
(2) second, to the payment of the delinquent taxes and penalties;
(3) third, to the payment of other tax delinquencies of the taxpayer
in the order provided in subsection (b) of this section; and
(4) fourth, any balance remaining shall be paid to the delinquent
taxpayer.
(b) Any surplus funds to be applied to the other delinquent taxes
of a taxpayer under subsection (a)(3) of this section or under
IC 1971, 6-1.1-24-7(a)(2) shall be applied as follows:
(1) first, to the payment of delinquent personal property taxes
owed in the county by the taxpayer;
(2) second, to the payment of delinquent real property taxes owed
in the county by the taxpayer; and
(3) third, to the payment of delinquent personal property taxes
owed by the taxpayer and certified from another county.
(Formerly: Acts 1975, P.L.47, SEC.1.)
Last modified: May 28, 2006