Section 6-1.1-10-5 - Municipal property(a) Property is exempt from property taxation if it is owned by a city or town and is used to provide a municipal service.(b) For purposes of this section, property used to provide a municipal service includes:(1) a public school or library;(2) a municipally owned park, golf course, playground, swimming pool, hospital, waterworks, electric utility, gas or heating plant, sewage treatment or disposal plant, cemetery, auditorium, or gymnasium; and(3) any other municipally owned property, utility, or institution.Pre-1975 Property Tax Recodification Citation: 6-1-13-1.
(Formerly: Acts1975 , P.L. 47, SEC.1.) As amended by Acts1977 , P.L. 2, SEC.15.