style=”font-size: 10pt”>   Sec. 14. (a) Subject to subsection (b), not later than fifty-one (51) days after the due date of a provisional or reconciling statement under this chapter, the county auditor shall:

(1) file with the auditor of state a report of settlement; and

Terms Used In Indiana Code 6-1.1-22.5-14

  • Property: includes personal and real property. See Indiana Code 1-1-4-5
  • property taxes: include special assessments. See Indiana Code 6-1.1-22.5-3
  • reconciling statement: refers to a reconciling property tax statement required by section 11 of this chapter. See Indiana Code 6-1.1-22.5-4
  • Settlement: Parties to a lawsuit resolve their difference without having a trial. Settlements often involve the payment of compensation by one party in satisfaction of the other party's claims.
(2) distribute tax collections to the appropriate taxing units.

   (b) The county treasurer shall:

(1) place in a separate account in the county general fund penalties collected as a result of late payments on statements issued under this chapter for the payment of property taxes;

(2) use the account only to defray the costs of mailing or transmission of statements under this chapter; and

(3) deposit additional funds, if any, remaining in the account after the payment of costs of mailing or transmission of statements under this chapter in the county’s property reassessment fund established under IC 6-1.1-4-27.5.

As added by P.L.1-2004, SEC.37 and P.L.23-2004, SEC.40. Amended by P.L.89-2010, SEC.6.

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