Sec. 52. Property acquired by a municipality or public transportation corporation under this chapter is exempt from property taxes.
[Pre-Local Government Recodification Citation: 19-5-2-36.] As added by Acts 1981, P.L.309, SEC.77.
Property tax exemption
Ind. Code § 36-9-4-52, under Urban Mass Transportation Systems; Public Transportation Corporation.
Ind. Code § 36-9-4-52