IN HB1102

Permits a county's fiscal body to adopt an ordinance establishing a county property tax appeals defense fund to pay litigation and dispute resolution expenses, including appraisal fees, attorney's fees, expert witness fees, and mediator fees.

Allows counties to retain up to 5% of property taxes, penalties, and interest owed by taxpayers after property tax appeals are final or settled, with funds deposited into the defense fund.

Fund sources include retained tax amounts, county and other taxing unit appropriations, and investment interest, to be administered by the county treasurer.

Excess fund money not needed for obligations may be invested like other public funds, with investment interest credited back to the fund.

Effective July 1, 2014; amends Indiana Code section IC 6-1.1-15-19.