Indiana HB1411 modifies tax sale procedures, reducing redemption periods and altering property disposition rules.
Indiana HB1411 amends tax sale procedures by reducing redemption periods for various types of properties. For real property sold to a land bank, the redemption period is reduced to six months. For properties on which the county executive acquires a lien, the redemption period is ninety days. For properties deemed unsuitable for tax sale, the redemption period is also ninety days. The bill also changes the rules for disposing of properties not offered for sale, allowing for disposition within one year if certain conditions are met.
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