Lien by county; tax sale certificate
Sec. 6. (a) When a tract or an item of real property is offered for
sale under this chapter for two (2) consecutive tax sales and an
amount is not received equal to or in excess of the minimum sale
price prescribed in section 5(e) of this chapter, the county acquires
a lien in the amount of the minimum sale price. This lien attaches on
the day after the last date on which the tract or item was offered for
sale the second time.
(b) When a county acquires a lien under this section, the county
auditor shall issue a tax sale certificate to the county in the manner
provided in section 9 of this chapter. The county auditor shall date
the certificate the day that the county acquires the lien. When a
county acquires a certificate under this section, the county has the
same rights as a purchaser. However, the county shall hold the
certificate for the taxing units described in subsection (c).
(c) When a lien is acquired by a county under this section, no
money shall be paid by the county. However, each of the taxing units
having an interest in the taxes on the tract shall be charged with the
full amount of all delinquent taxes due them.
(Formerly: Acts 1975, P.L.47, SEC.1.) As amended by P.L.60-1988,
SEC.12; P.L.50-1990, SEC.10; P.L.39-1994, SEC.11; P.L.170-2003,
SEC.2.
Last modified: May 28, 2006