Indiana 2023 Regular Session

Indiana Senate Bill SB0296

Introduced
1/19/23  
Refer
1/19/23  
Report Pass
2/16/23  
Engrossed
2/22/23  
Refer
2/28/23  
Report Pass
3/9/23  
Enrolled
3/16/23  
Passed
4/5/23  
Chaptered
4/5/23  

Caption

Sale of tax delinquent real property.

Impact

One of the most notable impacts of SB0296 is the modification of the redemption period for tax-delinquent properties. The bill stipulates that properties on the vacant and abandoned property list will no longer have a right to redeem after their sale, while other properties will have a redemption timeframe extended to either one year or 120 days depending on specific conditions. This change aims to simplify the transfer of ownership of such properties and reduce the backlog of delinquent tax properties awaiting sale.

Summary

SB0296, titled 'Sale of Tax Delinquent Real Property', introduces significant changes to the Indiana Code concerning the handling of tax delinquent properties. The bill establishes clear definitions relating to property interests, including severed interests such as improvements, mineral rights, air rights, and water rights. The overarching aim is to streamline the process surrounding the sale of tax-delinquent real estate, thereby potentially contributing to more efficient local governance in this regard.

Sentiment

The sentiment surrounding SB0296 appears to be mixed, with proponents arguing that the bill provides necessary clarity and structure to a complex aspect of property law that can hinder local governance. They emphasize the benefits of allowing counties to regain control over dilapidated properties quickly. Conversely, critics express concerns over the implications for property rights and the potential for injustice toward property owners who may face strict timelines to redeem their delinquent payments.

Contention

Key points of contention have surfaced in discussions regarding the fairness of the amended redemption periods and the burdens placed on property owners. Some stakeholders worry that the elimination of certain redemption rights for properties classified as abandoned could lead to unjust outcomes for individuals who may require additional time to settle their accounts due to financial hardships. Furthermore, discussions have centered around the responsibilities of county auditors in managing these sales and the potential repercussions for homeowners facing financial distress.

Companion Bills

No companion bills found.

Previously Filed As

IN SB0062

Sale of tax sale properties to nonprofits.

IN SB0156

Tax sales.

IN SB0303

Tax sales.

IN SB0157

Parcels offered at successive tax sales.

IN HB1627

Sale of tax sale properties to nonprofits.

IN HB1271

Tax sale deeds.

IN HB1569

Tax sale deeds.

IN SB0210

Property taxes and sales and use taxes.

IN HB4524

Reducing the rate of interest on delinquent property taxes

IN HB1154

Reduce the number of years of delinquent property taxes required for a county to issue a tax deed on a property.

Similar Bills

CA AB2013

Property taxation: new construction: damaged or destroyed property.

CA AB1500

Property taxation: application of base year value: disaster relief.

CA AB245

Property taxation: application of base year value: disaster relief.

DC B25-0486

Uniform Community Property Disposition at Death Act of 2023

CA SB964

Property tax: tax-defaulted property sales.

CA SB603

Property taxation: transfer of base year value: disaster relief.

CA SB1091

Property taxation: transfer of base year value: disaster relief.

HI HB1398

Relating To Property.