Regards property tax payments, sale of tax-foreclosed property

HB 543 updates the rules for handling property tax payments and records when land is divided, transferred, or inherited. It requires owners to submit specific affidavits to the county auditor to prove inheritance details before transferring real estate through descent. The bill also mandates that unpaid taxes and penalties be fairly split between the new owner and the remaining part of a property when a parcel is subdivided. Additionally, it prevents individuals who owe back taxes from buying properties that have been seized due to tax delinquency. These changes aim to streamline tax record-keeping and ensure fair allocation of tax liabilities during property transactions.