Sec. 56. (a) If an assessment, an installment, or a part of an assessment or installment is not paid when due, the failure to pay results in the same penalties as for the nonpayment of taxes. The land shall be placed upon the list of land to be sold at tax sale, and the land shall be sold at tax sale at the same time and in the same manner as provided under IC 6-1.1-24. The same penalties apply and the same rights are acquired upon purchase at these sales as in other tax sales, including the execution and delivery of tax deeds and the rights and remedies provided in cases of property sold at tax sale.

     (b) Personal property or real property other than that assessed may not be sold for the failure to pay an assessment or installment.

[Pre-1995 Recodification Citation: 13-2-18-19 part.]

As added by P.L.1-1995, SEC.19.