Sec. 1. An exemption is a privilege which may be waived by a person who owns tangible property that would qualify for the exemption. If the owner does not comply with the statutory procedures for obtaining an exemption, he waives the exemption. If the exemption is waived, the property is subject to taxation.
[Pre-1975 Property Tax Recodification Citation: 6-1-2-1.]
Formerly: Acts 1975, P.L.47, SEC.1.
Structure Indiana Code
Chapter 11. Exemption Procedures
6-1.1-11-1. Waiver of Exemption
6-1.1-11-1.5. Eligibility for an Exemption on Assessment Date
6-1.1-11-2. Applicability of Chapter
6-1.1-11-3. Exemption Application; Filing Requirements
6-1.1-11-3.5. Not-for-Profit Corporation Property; Eligibility; Application; Review
6-1.1-11-6. Submission of Tax Exemption Applications for Examination
6-1.1-11-9. Assessment Method; Exemption for Public Properties