What happens if there is a change in property ownership or use?
Answer
An exemption on a property is still valid after a change in ownership if the property continues to meet the requirements for an exemption under IC 6-1.1-10 or IC 6-1.1-10-21.
Details
However, if title to the property changes or the property is used for a non-exempt purpose, the person who obtained the exemption, or the current owner, must notify the county assessor in the year that the change occurs.