Change of ownership; partition; apportionment of assessed value
and delinquent taxes
Sec. 5. If a division, partition, or change of ownership of any real
property is made by conveyance, sale, devise, or descent, the county
auditor, except as provided in sections 5.5 and 9 of this chapter and
IC 6-1.1-2-4, shall transfer the real property on the last assessment
list. In addition, the auditor, except as provided in sections 5.5 and
9 of this chapter, shall apportion the assessed value of the real
property and all delinquent taxes on the real property among the
several owners.
(Formerly: Acts 1975, P.L.47, SEC.1.) As amended by Acts 1979,
P.L.48, SEC.4; P.L.51-1997, SEC.2.
Last modified: May 28, 2006