Auditor's homestead verification fund.
Indianapolis-Marion County Revised Code § 135-227
in effectSec. 135-227. - Auditor's homestead verification fund.
(a) There is hereby created a dedicated fund to be designated as the "auditor's homestead verification fund" pursuant to IC 6-1.1-36-17. This fund shall be a continuing, nonreverting fund, with all balances remaining therein at the end of each year. Such balances shall not lapse into the county general fund or ever be directly or indirectly diverted in any manner to uses other than those stated in this section and shall not be considered in establishing the budget of the office of the auditor or in setting property tax levies that will be used in any part to fund the office of the county auditor.
(b) All property tax revenues collected pursuant to IC 6-1.1-36-17 shall be deposited in the auditor's homestead verification fund, including adjustments in the property tax due as a result of the termination of deductions or credits available for property that satisfies the eligibility for a standard deduction under IC 6-1.1-12-37 or a homestead credit under IC 6-1.1-20.9.
(c) Money in the auditor's homestead verification fund shall be considered miscellaneous revenue and may be used by the auditor for the following purposes:
(1) Fees and other costs incurred by the auditor to discover property that is eligible for a standard deduction under IC 6-1.1-12-37 or a homestead credit under IC 6-1.1-20.9;
(2) The cost of preparing, sending, and processing homestead verification notices and checklists described in IC 6-1.1-22-8.1(b)(9) and IC 6-1.1-22.5-12(d); or
(3) Other expenses of the office of the auditor.
(d) Amounts shall be paid from such fund only pursuant to appropriations authorized by the city-county council.
(G.O. 24, 2011, § 1)
Source: Consolidated City of Indianapolis and Marion County, Revised Code (Municode Library, library.municode.com)URL: https://library.municode.com/in/indianapolis_-_marion_county/codes/code_of_ordinances?nodeId=TITIORAD_CH135FU_ARTIINOCOFU_DIV2COOFFU_S135-227AUHOVEFUFetched: 10/27/2026