Sec. 8. When one who purchases real property at a tax sale fails to pay the bid, the real property shall again be offered for sale. A purchaser who fails to pay the bid shall pay a civil penalty of twenty-five percent (25%) of the amount of the bid. The county prosecuting attorney shall initiate an action in the name of the state treasurer to recover the civil penalty. Amounts collected under this section shall be deposited in the county general fund.
[Pre-1975 Property Tax Recodification Citation: 6-1-56-8.]
Formerly: Acts 1975, P.L.47, SEC.1. As amended by P.L.139-2001, SEC.7; P.L.89-2007, SEC.8.
Structure Indiana Code
Chapter 24. Sale of Real Property When Taxes or Special Assessments Become Delinquent
6-1.1-24-1. Delinquency List; Certification
6-1.1-24-1.2. Removal of Property From Delinquency List; Arrangement for Payment of Delinquent Taxes
6-1.1-24-1.4. Orders for Necessary Repairs
6-1.1-24-1.5. Vacant or Abandoned Real Property List; Auction; Notice
6-1.1-24-1.7. Properties Not Suitable for Tax Sale; Notice
6-1.1-24-2.3. Notice of Sale of Vacant or Abandoned Property
6-1.1-24-3. Notice of Auction Sale
6-1.1-24-3.4. Requests for Information in an Alternative Form
6-1.1-24-4. Notice of Sale to Owner; Other Notices; Listing of Properties on Tax Sale Record
6-1.1-24-4.5. Urban Homesteading Agency; List of Real Property With Delinquent Taxes
6-1.1-24-4.7. Judgment and Order for Sale; Procedure
6-1.1-24-5. Conduct of Sale; Parcels Subject to Sale; Minimum Sale Price; Sale by Electronic Means
6-1.1-24-5.1. Ineligible Purchasers; Registration to Bid
6-1.1-24-5.3. Persons Barred From Bidding on or Purchasing Tracts Offered for Sale
6-1.1-24-5.4. Foreign Business Associations
6-1.1-24-5.7. Signed Statement; Forfeiture
6-1.1-24-6. Lien by County; Tax Sale Certificate
6-1.1-24-6.1. Public Sale by County Executive of Certificates of Sale; Notice
6-1.1-24-6.2. Transfer of Property to the City or Town in Which the Property Is Located
6-1.1-24-6.3. Conditions of Sale of Certificates of Sale
6-1.1-24-6.7. Transfer of Property to a Nonprofit Entity
6-1.1-24-6.8. Transfer of Parcels and Certificates of Sale to Adjacent Homeowners
6-1.1-24-6.9. Transfer of Property to a Person Able to Repair and Maintain the Property
6-1.1-24-8. Failure to Pay Bid; Effect
6-1.1-24-9. Certificate of Sale; Contents; Purchaser's Lien; Assignments
6-1.1-24-10. Guarantee by Treasurer
6-1.1-24-11. Certificate of Sale as Presumptive Evidence
6-1.1-24-12. Priority of Purchaser's Lien at Subsequent Sale
6-1.1-24-14. Duties Regarding Conduct of Tax Sale
6-1.1-24-17. Assignment of a Certificate of Sale to a Nonprofit Entity