Ind. Code § 21-36-4-5
Property tax exemption
Indiana · Indiana Code Title 21 — Higher Education · Status: effective
Cite this
- Citation
- Ind. Code § 21-36-4-5, Property tax exemption, Indiana, version 1 as recorded 2026-09-28, yourstate.us, https://yourstate.us/provision/1649067
- Permanent ID
ys:prov:1649067@1- SHA-256
f8b15f49f19836addf68e2827f9bf5c95cee0194891bfdac3c3d06f3794530e2
The hash is SHA-256 of this version's text, with every run of whitespace collapsed to a single space and the ends trimmed. The ID always leads back here, and checking it says whether the text you cited is still the current version.
Full text
Sec. 5. Notwithstanding the provisions of IC 21-31-4-3 and IC 6-1.1-10-37:
(1) tangible real property that is owned by a state educational institution; and
(2) tangible real property that is constructed or used on real property described in subdivision (1), to the extent that tangible real property is described in IC 21-35-7-2;
and that is licensed, leased, or otherwise conveyed to a developer or operator in accordance with the provisions of an agreement under this chapter is exempt from all ad valorem property taxes and special assessments levied against that tangible real property by the state or any political subdivision of the state. The exemption applies to the tangible real property and to the developer's or operator's leasehold estate interest, franchise interest, license interest, and other interests in the tangible real property. Property satisfying the requirements of this section is considered to be public property devoted to an essential public and governmental function and purpose.