Vacant Contiguous Land Parcels

This year House Enrolled Act 1324-2010 added a new section to IC 6-1.1-24-6.8 which permits a county to sell certain vacant parcels to contiguous parcel owners as part of the tax sale process. In order to be eligible there are a few criteria that must be met.

The vacant parcel must have:

1.  A County lien that resulted from a prior tax sale

2.  Be unimproved on the date the parcel is offered for sale.

3.  Be legally eligible for construction of a residence.

4.  On the date the vacant parcel is offered for sale, be contiguous to at least one parcel that has an occupied residential structure, or a structure used in conjunction with an occupied residential structure, and that is eligible for the homestead standard deduction.

In order to purchase a vacant parcel the owner of a contiguous parcel must file a written application with the County.

Benefits of purchasing the contiguous parcel:

1.  At the time of the purchase all delinquent taxes, special assessments, penalties, and interest will be removed from the parcel.

2.  A tax exemption will be granted for that parcel for 5 years, or until the first transfer of title to the parcel occurs after the purchase.

Advantage to the County? They no longer have abandoned vacant parcels to maintain.

Cost of a contiguous parcel – $1.00.

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4 responses to “Vacant Contiguous Land Parcels”

  1. Terri Miller says:

    Sounds like a lot of hoops to jump through, but this could prove very beneficial to some property owners fighting unkempt vacant lots next to their property. Is there a way to find a list of county liens on vacant properties?

  2. land auction says:

    Make sure that you know your precise limit before the auction begins! It is very easy to get excited once an auction starts and you may find that you feel like you could bid just a little bit more than you wanted to. But if you do that, you will find that it is just as easy to go way over your price limit for something that you really want.

  3. Well I definitely enjoyed studying it. This subject offered by you is very practical for good planning.

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