Indiana Code 6-1.1-20.6-2.5. “Nonresidential real property”
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Sec. 2.5. As used in this chapter, “nonresidential real property” refers to real property that is not:
(2) residential property;
(1) a homestead;
Terms Used In Indiana Code 6-1.1-20.6-2.5
- agricultural land: refers to land assessed as agricultural land under the real property assessment rules and guidelines of the department of local government finance. See Indiana Code 6-1.1-20.6-0.5
- homestead: refers to a homestead that has been granted a standard deduction under Indiana Code 6-1.1-20.6-2
- long term care property: means property that:
Indiana Code 6-1.1-20.6-2.3
- residential property: refers to real property that consists of any of the following:
Indiana Code 6-1.1-20.6-4
(3) long term care property; or
(4) agricultural land.
As added by P.L.146-2008, SEC.218. Amended by P.L.182-2023, SEC.3.