IC 6-1.1-10-5 — Municipal property
Chapter 10. Exemptions
Bills citing this section
Section text
Sec. 5. (a) Property is exempt from property taxation if it is owned by a city or town and is used to provide a municipal service. (b) For purposes of this section, property used to provide a municipal service includes: (1) a public school or library; (2) a municipally owned park, golf course, playground, swimming pool, hospital, waterworks, electric utility, gas or heating plant, sewage treatment or disposal plant, cemetery, auditorium, or gymnasium; and (3) any other municipally owned property, utility, or institution.
Formerly: Acts 1975, P.L.47, SEC.1. As amended by Acts 1977, P.L.2, SEC.15.
Source: official publisher (2026 edition)