IN HB1324

Amends Indiana Code to allow county executives to sell vacant parcels adjacent to residential properties for one dollar ($1) to owners of contiguous parcels.

Requires county legislative bodies to adopt ordinances establishing criteria for identifying vacant parcels eligible for sale, which must be unimproved, permit residential construction, and be contiguous to residential parcels.

Provides a consolidated parcel exemption from property taxation equal to the assessed value of the vacant parcel for up to five (5) years or until the property is transferred, whichever occurs first.

Establishes a process requiring written notice to adjacent property owners, a written application period, and a random drawing if multiple applications are received for the same vacant parcel.

Clarifies that tax deeds conveyed under the chapter remain subject to easements recorded before the date of tax sale in the county recorder's office.