{"data":{"id":"us-in/ic-6-1.1-10-16.8","jurisdiction":"us-in","citation":"IC 6-1.1-10-16.8","heading":"Exemption of the basement area of dwellings located in a flood plain; factors for the exemption","body":"Sec. 16.8. (a) This section applies to a dwelling or other building that is situated in a special flood hazard area as designated by the Federal Emergency Management Agency in which the mandatory purchase of flood insurance applies.\n(b) The basement of a dwelling or other building described in subsection (a) is exempt from property taxation if:\n(1) the basement floor level has been elevated to mitigate the risk of flooding; and\n(2) as a result, the basement is rendered unusable as living space.","path":["TITLE 6. TAXATION","ARTICLE 1.1. PROPERTY TAXES","Chapter 10. Exemptions"],"source_url":"https://iga.in.gov/ic/2026/Title_6.html#6-1.1-10-16.8","current_through":"2026","vintage":"2026","retrieved_at":"2026-09-09T01:51:39Z","sha256":"d316a461d1df56232e8d0dfddd8caf8c7220973db0492286d417d5ac5daa84ed","source_id":"us-in","stale":false,"prev":"us-in/ic-6-1.1-10-16.7","next":"us-in/ic-6-1.1-10-17"},"notice":"GroundRules: Original legal text. Not legal advice."}