Indiana Property Codes

State:
Indiana
Control #:
IN-P021-PKG
Format:
Word; 
Rich Text
Instant download

Description

With this Commercial Property Sales Package, you will find many of the forms that are part of closing a commercial real estate transaction.


Included in your package are the following forms:



1. A Contract for the Sale and Purchase of a Commercial Lot or Land without a Broker;

2. A Option for the Sale and Purchase of a Commercial Building;

3. A Option for the Sale and Purchase of a Commercial Lot or Land;

4. An Addendum for Environmental Assessment of Threatened or Endangered Species or Wetlands;

5. An Addendum for Continued Marketing of Property by Seller due to Contingencies;

6. An Exchange Addendum to Contract for Tax Free Exchange under Section 1031;

7. A Tax Free Exchange Agreement pursuant to Section 1031; and

8. A Fixed Rate Promissory Note Secured by Commercial Real Estate.



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FAQ

(a) All or part of a building is exempt from property taxation if it is owned, occupied, and used by a person for educational, literary, scientific, religious, or charitable purposes.

The main class categories are Agricultural, Industrial, Commercial, Residential, and Exempt. The charts below display net tax due by property class category. Each class category is broken into individual classes. Click a column or bar to see more detail for each class category.

The Indiana Department of Local Government Finance's modernization effort includes the Personal Property Online Portal ? Indiana (PPOP-IN), which is the online service portal for customers to use when filing business personal property filings with their county/township assessor.

Historical Business Personal Property Forms Drop it off in person at 200 E. Washington St., Suite 1360, Indianapolis, IN 46204. Mail Certified to the Marion County Assessor's Office, PO Box 7015, Indianapolis, IN 46207-7015.

Real estate owners in the state of Indiana must pay taxes on their property every year. Taxes can be divided into two annual installments, with one being due on May 10 and the other on November 10. As in most other states, the Indiana property tax is ad valorem, meaning it's based on the value of property.

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Indiana Property Codes