Sec. 4. As used in this chapter, "residential property" refers to real property that consists of any of the following:
(1) A single family dwelling that is not part of a homestead and the land, not exceeding one (1) acre, on which the dwelling is located.
(2) Real property that consists of:
(A) a building that includes two (2) or more dwelling units;
(B) any common areas shared by the dwelling units (including any land that is a common area, as described in section 1.2(b)(2) of this chapter); and
(C) the land on which the building is located.
(3) Land rented or leased for the placement of a manufactured home or mobile home, including any common areas shared by the manufactured homes or mobile homes.
The term includes a single family dwelling that is under construction and the land, not exceeding one (1) acre, on which the dwelling will be located. The term does not include real property that consists of a commercial hotel, motel, inn, tourist camp, or tourist cabin.
As added by P.L.246-2005, SEC.62. Amended by P.L.162-2006, SEC.7; P.L.146-2008, SEC.221; P.L.131-2008, SEC.4; P.L.288-2013, SEC.22; P.L.166-2014, SEC.4.
Structure Indiana Code
Chapter 20.6. Credit for Excessive Property Taxes
6-1.1-20.6-0.3. General Assembly Findings
6-1.1-20.6-0.5. "Agricultural Land"
6-1.1-20.6-1.2. "Common Areas"
6-1.1-20.6-1.6. "Gross Assessed Value"
6-1.1-20.6-2.3. "Long Term Care Property"
6-1.1-20.6-2.4. "Manufactured Home"; "Mobile Home"
6-1.1-20.6-2.5. "Nonresidential Real Property"
6-1.1-20.6-3. "Property Tax Liability"
6-1.1-20.6-4. "Residential Property"
6-1.1-20.6-7. Calculation of Credit
6-1.1-20.6-7.5. Calculation of Credit
6-1.1-20.6-8. Exemption From Filing Requirement
6-1.1-20.6-8.5. Additional Credit for Certain Homesteads; Eligibility and Filing Requirements
6-1.1-20.6-9.5. Effect of Credit on Revenues
6-1.1-20.6-9.8. Allocation of Taxes Exempted From Credit
6-1.1-20.6-9.9. Allocation of Credits by Eligible School Corporations
6-1.1-20.6-10. Payment of Debt Service Obligations
6-1.1-20.6-11. Report; Effect of Circuit Breaker on Taxing Unit Revenues
6-1.1-20.6-12. Application of Credit of Excise Tax Distribution Calculations
6-1.1-20.6-13. Allocation of Credits by Distressed Political Subdivisions