Sec. 10. (a) A decree or judgment holding a title of the state invalid must provide that the successful party pay to the court an amount determined by the court to be approximately the amount that the party would be required to pay to redeem the real property on the date of the judgment or decree if the real property had continued to be:
(1) delinquent in taxes while in the possession of the state; and
(2) taxable while in the possession of the state;
plus the reasonable value of improvements, costs of administration, fire protection, and other benefits conferred upon the real property by the state after the expiration of the redemption period.
(b) A statute enacted granting redemption concessions to taxpayers does not apply to the computation of the amount prescribed by subsection (a) unless the statute specifically states that the statute applies.
(c) Upon payment of the amount, the amount shall be distributed to interested parties and taxing agencies according to their interests and as provided by the decree or judgment.
[Pre-1995 Recodification Citation: 4-17-11-6.]
As added by P.L.1-1995, SEC.10.
Structure Indiana Code
Title 14. Natural and Cultural Resources
Article 17. Property Acquisition
Chapter 2. Acquisition of Tax Delinquent Land for Conservation Purposes
14-17-2-1. Designation of Conservation Land
14-17-2-2. List of Conservation Land
14-17-2-3. Duties of County Auditors
14-17-2-4. Redemption of Property
14-17-2-5. Fee Simple Title Created in the State
14-17-2-6. Certificate of Title
14-17-2-7. Title in the State Not Invalidated by Certain Irregularities
14-17-2-8. Action to Invalidate Title in the State
14-17-2-9. State Considered in Possession of Unoccupied Conservation Land
14-17-2-10. Payment in Lieu of Redemption Required Upon Judgment Invalidating Title in the State
14-17-2-11. Use of Conservation Land