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A technical guide is available that introduces and summarizes the statutory changes. It’s a rather dry read but it’s certainly worth the effort if you are involved with a community organization in New Albany, Floyd County or in any county in Indiana.
As described on page 6 of the guide, some of the new legal tools are:
Increase the carrying cost of abandoned and vacant properties – increasing civil penalties allowed and allowing for performance bonds to be issued to bring a property into compliance.
Improving the efficiency of the tax sale process – shortening the tax sale process and if not sold, transferring properties to the county executive.
Expanding the range of property redevelopment options – allowing the creation of Land Banks and increasing disposition options.
My favorite new legal tool is the exclusion of any Unsafe Building Law violators from participating in tax sales. That’s a pesky little change that, if enforced, would certainly prohibit a habitual devaluator of our neighborhoods from spreading their cancer further.
I have a couple hard copies of the guide and will forward to anyone interested.
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