Indiana Code - Taxation - Title 6, Section 6-1.1-25-9

Sale of property acquired by county; application of proceeds;
report

Sec. 9. (a) When a county acquires title to real property under
IC 6-1.1-24 and this chapter, the county may dispose of the real
property under IC 36-1-11 or subsection (e). The proceeds of any
sale under IC 36-1-11 shall be applied as follows:
(1) First, to the cost of the sale or offering for sale of the real
property, including the cost of:
(A) maintenance;
(B) preservation;
(C) administration of the property before the sale or offering
for sale of the property;
(D) unpaid costs of the sale or offering for sale of the
property;
(E) preparation of the property for sale;
(F) advertising; and
(G) appraisal.
(2) Second, to any unrecovered cost of the sale or offering for
sale of other real property in the same taxing district acquired
by the county under IC 6-1.1-24 and this chapter, including the
cost of:
(A) maintenance;
(B) preservation;
(C) administration of the property before the sale or offering
for sale of the property;
(D) unpaid costs of the sale or offering for sale of the
property;
(E) preparation of the property for sale;
(F) advertising; and
(G) appraisal.
(3) Third, to the payment of the taxes on the real property that
were removed from the tax duplicate under section 4(c) of this
chapter.
(4) Fourth, any surplus remaining into the county general fund.

(b) The county auditor shall file a report with the board of
commissioners before January 31 of each year. The report must:
(1) list the real property acquired under IC 6-1.1-24 and this
chapter; and
(2) indicate if any person resides or conducts a business on the
property.
(c) The county auditor shall mail a notice by certified mail before
March 31 of each year to each person listed in subsection (b)(2). The
notice must state that the county has acquired title to the tract the
person occupies.
(d) If the county determines under IC 36-1-11 that any real
property so acquired should be retained by the county, then the
county shall not dispose of the real property. The county executive
may repair, maintain, equip, alter, and construct buildings upon the
real property so retained in the same manner prescribed for other
county buildings.
(e) The county may transfer title to real property described in
subsection (a) to the redevelopment commission at no cost to the
commission for sale or grant under IC 36-7-14-22.2,
IC 36-7-15.1-15.1, or IC 36-7-15.1-15.2.
(Formerly: Acts 1975, P.L.47, SEC.1.) As amended by P.L.60-1988,
SEC.17; P.L.14-1991, SEC.8; P.L.39-1994, SEC.21; P.L.31-1994,
SEC.9; P.L.2-1995, SEC.30; P.L.73-2001, SEC.1; P.L.113-2002,
SEC.3.

Last modified: May 28, 2006