Sec. 4.1. (a) This section applies to any refund for a property resulting from a real property
tax assessment appeal for the property for an assessment date occurring before January
1, 2020. This section does not apply if any refund for a property under appeal has been paid
before May 1, 2015. Except as modified by this section, all other provisions of IC 6-1.1 apply regarding the payment of refunds and application of credits.
(b) If upon conclusion of a real property tax assessment appeal, the total amount
of property taxes owed to the taxpayer as a result of the appeal is one hundred thousand
dollars ($100,000) or more for the assessment dates under appeal, the auditor of the
county in which the property is located may, instead of a refund, elect to apply credits
in equal installments to future property tax installments for the property over a
period of not more than five (5) years following the date of the conclusion of the
assessment appeal. The auditor may elect to accelerate credits or to provide a full or partial refund
within the five (5) year period.
(c) Notwithstanding subsection (b), if a claimant is no longer the taxpayer for the
property on which the appeal was filed, the overpayment shall not be applied as a
credit and the overpayment may be refunded in equal installments over a period of
not more than five (5) years.
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