Indiana Code - Taxation - Title 6, Section 6-1.1-10-5.5

Urban homesteading property

Sec. 5.5. Real property held under IC 36-7-17, which is conveyed
by contract with retention of the deed by the city is deemed to be the
property of the city held for municipal purposes and is exempt from
property taxation.
(Formerly: Acts 1975, P.L.195, SEC.4.) As amended by Acts 1981,
P.L.11, SEC.22.

Last modified: May 28, 2006