Distribution of proceeds of sale of certificates of sale; tax sale
surplus fund; county auditor duty on assignment of certificate
Sec. 6.4. (a) When a certificate of sale is sold under this chapter,
the purchaser at the sale shall immediately pay the amount of the bid
to the county treasurer. The county treasurer shall apply the payment
in the following manner:
(1) First, to the taxes, special assessments, penalties, and costs
described in section 5(e) of this chapter.
(2) Second, to other delinquent property taxes in the manner
provided in IC 6-1.1-23-5(b).
(3) Third, to a separate "tax sale surplus fund".
(b) The:
(1) owner of record of the real property at the time the tax deed
is issued who is divested of ownership by the issuance of a tax
deed; or
(2) purchaser of the certificate or the purchaser's assignee, upon
redemption of the tract or item of real property;
may file a verified claim for money that is deposited in the tax sale
surplus fund. If the claim is approved by the county auditor and the
county treasurer, the county auditor shall issue a warrant to the
claimant for the amount due.
(c) An amount deposited in the tax sale surplus fund shall be
transferred by the county auditor to the county general fund and may
not be disbursed under subsection (b) if it is claimed more than three
(3) years after the date of its receipt.
(d) Upon the assignment of the certificate of sale to the purchaser,
the county auditor shall indicate on the certificate the amount for
which the certificate of sale was sold.
As added by P.L.170-2003, SEC.5.
Last modified: May 28, 2006