Ind. Code § 36-7-17-12
Property not applied for in successive drawings; sale; disposition of proceeds
Indiana · Indiana Code Title 36 — Local Government · Status: effective
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- Ind. Code § 36-7-17-12, Property not applied for in successive drawings; sale; disposition of proceeds, Indiana, version 1 as recorded 2026-09-28, yourstate.us, https://yourstate.us/provision/1685708
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Sec. 12.
(a) A property for which no one applies in two (2) successive drawings held under this chapter may be sold at public auction to the highest bidder.
(b) The proceeds of the sale of real property acquired under IC 6-1.1-25-7.5 shall be applied to the cost of the sale, including advertising and appraisal.
(c) If any proceeds remain after payment of the costs under subsection (b), the proceeds shall be applied to the payment of taxes removed from the tax duplicate under IC 6-1.1-25-7.5(e).
(d) If any proceeds remain after payment of the taxes under subsection (c), the proceeds shall be deposited in the county general fund.