Indiana 2024 Regular Session

Indiana House Bill HB1311

Introduced
1/10/24  

Caption

Remediation of tax sale parcels.

Impact

The bill's enactment would have a significant impact on the regulatory landscape of real estate transactions in consolidated cities in Indiana. With the formal requirement for remediation plans, there is potential for improved compliance with local building codes. This could help municipalities deal with the issues of derelict properties and foster a cleaner, safer living environment. The law proposes that only a small portion of total tax sale parcels—specifically, no more than five percent—could be subjected to this requirement, which balances the need for regulation with the practicalities of tax auctions.

Summary

House Bill 1311 aims to address issues surrounding properties that violate building codes when they are sold at tax sales in consolidated cities. Under this bill, county treasurers would have the authority to require purchasers of such properties to submit remediation plans. These plans must outline how the buyers intend to bring the properties into compliance after the redemption period, which creates a mechanism to ensure that properties sold under tax lien maintain community standards and safety regulations.

Conclusion

Overall, HB1311 presents a proactive approach to managing real estate properties that are in violation of building codes while navigating the complexities of tax sales. By requiring remediation plans, the bill signals a commitment to uphold community standards in compliance with local regulations, although its success will depend on the willingness and ability of new property owners to adhere to remedial obligations.

Contention

While the legislation provides a framework for improvement in property conditions, it may also give rise to concerns among property purchasers and local governments. Questions could emerge regarding the capacity of buyers to meet these remediation requirements, potentially complicating the tax sale process. Additionally, there are concerns about the enforcement of these remediation plans and how effectively local government can monitor compliance over time. Critics may worry that the bill could result in unintended consequences, such as deterring potential buyers from participating in tax sales due to increased regulations.

Companion Bills

No companion bills found.

Previously Filed As

IN SB0157

Parcels offered at successive tax sales.

IN SB0156

Tax sales.

IN HB1627

Sale of tax sale properties to nonprofits.

IN SB0018

Tax sale procedures.

IN HB1534

Responsibility for remediation costs.

IN SB0296

Sale of tax delinquent real property.

IN HB1147

Land banks.

IN HB1157

Residential housing development program.

IN HB1051

Property tax relief.

IN HB1311

Adoption of food and beverage taxes.

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Relating To Property.