# Ind. Code § 6-1.1-10-16.7: Real property exemption; expiration

> Indiana · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_IN_T6_A1.1_C10_S6-1.1-10-16.7

## Section

- **Citation:** Ind. Code § 6-1.1-10-16.7
- **Heading:** Real property exemption; expiration
- **Jurisdiction:** Indiana
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** Indiana Code / Title 6 / Article 1.1 / Chapter 10 / Section 6-1.1-10-16.7

## Text

Sec. 16.7. (a) Except as otherwise provided in this section, for assessment dates after December 31, 2021, all or part of real property is exempt from property taxation if:

(1) the improvements on the real property were constructed, rehabilitated, or acquired for the purpose of providing housing to income eligible persons under the federal low income housing tax credit program under 26 U.S.C. 42;

(2) the real property is subject to an extended use agreement under 26 U.S.C. 42 as administered by the Indiana housing and community development authority; and

(3) the owner of the property has entered into an agreement to make payments in lieu of taxes under IC 36-1-8-14.2 (before its expiration), IC 36-2-6-22 (before its expiration), IC 36-3-2-11 (before its expiration), IC 36-1-8-14.3, IC 36-2-6-23, or IC 36-3-2-12.

(b) This section may not be construed in such a way as to:

(1) alter the terms of an agreement with the holders of any outstanding notes, bonds, or other obligations of an issuing body;

(2) authorize the issuing body to alter the terms of an agreement described in subdivision (1); or

(3) impair, or authorize the issuing body to impair, the rights and remedies of any creditor of the issuing body.

As added by P.L.19-2000, SEC.1. Amended by P.L.185-2001, SEC.1 and P.L.291-2001, SEC.195; P.L.186-2001, SEC.2; P.L.1-2002, SEC.18; P.L.179-2002, SEC.3; P.L.1-2006, SEC.133 and P.L.181-2006, SEC.42; P.L.181-2016, SEC.3; P.L.74-2021, SEC.2.

## Nearby sections

- [Ind. Code § 6-1.1-10-1 United States property](https://www.frixlaw.com/law-library/statutes/STATE_IN_T6_A1.1_C10_S6-1.1-10-1.md)
- [Ind. Code § 6-1.1-10-2 State property; property leased to a state agency](https://www.frixlaw.com/law-library/statutes/STATE_IN_T6_A1.1_C10_S6-1.1-10-2.md)
- [Ind. Code § 6-1.1-10-3 Bridges and tangible appurtenant property](https://www.frixlaw.com/law-library/statutes/STATE_IN_T6_A1.1_C10_S6-1.1-10-3.md)
- [Ind. Code § 6-1.1-10-4 Political subdivision property](https://www.frixlaw.com/law-library/statutes/STATE_IN_T6_A1.1_C10_S6-1.1-10-4.md)
- [Ind. Code § 6-1.1-10-5 Municipal property](https://www.frixlaw.com/law-library/statutes/STATE_IN_T6_A1.1_C10_S6-1.1-10-5.md)
- [Ind. Code § 6-1.1-10-5.5 Urban homesteading property](https://www.frixlaw.com/law-library/statutes/STATE_IN_T6_A1.1_C10_S6-1.1-10-5.5.md)
- [Ind. Code § 6-1.1-10-6 Municipally owned water company property](https://www.frixlaw.com/law-library/statutes/STATE_IN_T6_A1.1_C10_S6-1.1-10-6.md)
- [Ind. Code § 6-1.1-10-7 Nonprofit water companies](https://www.frixlaw.com/law-library/statutes/STATE_IN_T6_A1.1_C10_S6-1.1-10-7.md)
- [Ind. Code § 6-1.1-10-8 Nonprofit sewage disposal company](https://www.frixlaw.com/law-library/statutes/STATE_IN_T6_A1.1_C10_S6-1.1-10-8.md)
- [Ind. Code § 6-1.1-10-9 Industrial waste control facilities](https://www.frixlaw.com/law-library/statutes/STATE_IN_T6_A1.1_C10_S6-1.1-10-9.md)
- [Ind. Code § 6-1.1-10-10 Industrial waste control facilities; claiming exemption; industrial waste control facility; how owner claims exemption; investigation; determination; potential revocation of determination; claim allowed or denied](https://www.frixlaw.com/law-library/statutes/STATE_IN_T6_A1.1_C10_S6-1.1-10-10.md)
- [Ind. Code § 6-1.1-10-11 Appeal of industrial waste control facility exemption determination](https://www.frixlaw.com/law-library/statutes/STATE_IN_T6_A1.1_C10_S6-1.1-10-11.md)
- [Ind. Code § 6-1.1-10-12 Stationary or unlicensed mobile air pollution control system](https://www.frixlaw.com/law-library/statutes/STATE_IN_T6_A1.1_C10_S6-1.1-10-12.md)
- [Ind. Code § 6-1.1-10-13 Stationary or unlicensed mobile air pollution control system; claim for exemption](https://www.frixlaw.com/law-library/statutes/STATE_IN_T6_A1.1_C10_S6-1.1-10-13.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_IN_T6_A1.1_C10_S6-1.1-10-16.7. Check the current official text before relying on it. Not legal advice.