2017 Indiana Code
TITLE 6. Taxation
ARTICLE 1.1. PROPERTY TAXES
CHAPTER 26. Refunds for Erroneous or Excessive Tax Payments
6-1.1-26-4.1. Refunds of real property taxes in an amount of $100,000 or more as a result of an appeal; authorization to apply credits to future property tax installments instead of refund
Sec. 4.1. (a) This section applies to any refund for a property resulting from a real property tax assessment appeal for the property for an assessment date occurring before January 1, 2020. This section does not apply if any refund for a property under appeal has been paid before May 1, 2015. Except as modified by this section, all other provisions of IC 6-1.1 apply regarding the payment of refunds and application of credits.
(b) If upon conclusion of a real property tax assessment appeal, the total amount of property taxes owed to the taxpayer as a result of the appeal is one hundred thousand dollars ($100,000) or more for the assessment dates under appeal, the auditor of the county in which the property is located may, instead of a refund, elect to apply credits in equal installments to future property tax installments for the property over a period of not more than five (5) years following the date of the conclusion of the assessment appeal. The auditor may elect to accelerate credits or to provide a full or partial refund within the five (5) year period.
(c) Notwithstanding subsection (b), if a claimant is no longer the taxpayer for the property on which the appeal was filed, the overpayment shall not be applied as a credit and the overpayment may be refunded in equal installments over a period of not more than five (5) years.
(d) This section expires December 31, 2019.
As added by P.L.232-2017, SEC.33.
