Indiana § 21-36-4-5 - Property tax exemption
Full text of Indiana Indiana Code § 21-36-4-5 — Property tax exemption, with citation guidance and answers to common questions.
§ 21-36-4-5. Property tax exemption
Sec. 5. Notwithstanding the provisions of IC 21-31-4-3 and IC 6-1.1-10-37:
(1) tangible real property that is owned by a state educational institution; and
(2) tangible real property that is constructed or used on real property described in subdivision (1), to the extent that tangible real property is described in IC 21-35-7-2;
and that is licensed, leased, or otherwise conveyed to a developer or operator in accordance with the provisions of an agreement under this chapter is exempt from all ad valorem property taxes and special assessments levied against that tangible real property by the state or any political subdivision of the state. The exemption applies to the tangible real property and to the developer's or operator's leasehold estate interest, franchise interest, license interest, and other interests in the tangible real property. Property satisfying the requirements of this section is considered to be public property devoted to an essential public and governmental function and purpose.
As added by P.L.205-2013, SEC.335.
IC 21-36-5Chapter 5. Transfer of Intellectual Property
21-36-5-1Application 21-36-5-2Intellectual property policy
Source: official Indiana text · Last verified 2026-08-27
Frequently Asked Questions About Indiana § 21-36-4-5
What does Indiana Code § 21-36-4-5 cover?
Section 21-36-4-5 ("Property tax exemption") is part of the Indiana Code, the codified statutory law of Indiana. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Indiana § 21-36-4-5?
A common citation format is "Indiana Code § 21-36-4-5" (Indiana). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Indiana law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Indiana official source linked on this page or consult a licensed Indiana attorney.
How does Indiana § 21-36-4-5 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Indiana can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Indiana.