Withdrawal fee
Sec. 18. (a) If land that is classified as a wildlife habitat is
withdrawn from the classification, the owner shall pay an amount
equal to the sum of:
(1) the total property taxes that, if it were not for the
classification, would have been assessed on the land during:
(A) the period of classification; or
(B) the ten (10) year period immediately preceding the date
on which the land is withdrawn from the classification;
whichever is lesser; plus
(2) interest on the property taxes at the rate of ten percent
(10%) per year.
(b) The liability imposed by this section is a lien upon the land
withdrawn from the classification. When the amount is collected, it
shall be paid into the county general fund. If the amount is not paid,
it shall be treated in the same manner that delinquent taxes on real
property are treated.
As added by Acts 1979, P.L.49, SEC.1. Amended by P.L.83-1995,
SEC.5.
Last modified: May 28, 2006