HB1265: Condemnation of Hoosier homestead property.

Legislative Summary

Condemnation of Hoosier homestead property. Establishes the Hoosier homestead program administered by the Indiana state department of agriculture to commemorate and maintain a registry of farms owned by the same family for at least 100 years. Provides that if a condemnation action involves the taking of a fee simple interest in a Hoosier homestead: (1) the property owner is entitled to testify at a hearing conducted by the appropriate municipal or county legislative body; and (2) the legislative body must approve the condemnation for the condemnation to proceed. Provides that only the portion of a farm that satisfies the familial ownership and other requirements receives the Hoosier homestead designation and is subject to the provisions regarding eminent domain. Requires all property taxes to be paid up to date to be registered as a Hoosier homestead property or to renew registration as a Hoosier homestead property.