Indiana Code Title 36. Local Government § 36-7-25-6

Sec. 6. (a) Subject to section 6.5 of this chapter, a commission may enter into an agreement with a taxpayer in an allocation area that limits the taxpayer's rights to challenge the taxpayer's assessment or property taxes or that guarantees, enhances, or otherwise further secures bonds or lease obligations of the commission.  The obligation to make payments under a taxpayer agreement that guarantee, enhance, or otherwise further secure bonds or lease obligations of the commission under this section shall be treated in the same manner as property taxes for purposes of IC 6-1.1-22-13, if, and to the extent that, the taxpayer agreement provides for a property tax lien.

(b) A lien resulting from a taxpayer agreement described in subsection (a) takes priority over any existing or subsequent:

on the property and must have parity with a property tax lien described in IC 6-1.1-22-13.

(c) A lien resulting from a taxpayer agreement described in subsection (a) will have the priority of real property taxes described in IC 6-1.1-22-13 and may be enforced and collected in all respects as real property taxes.