Regards payment of property tax, sale of tax-foreclosed property

SB 186 updates the rules for handling property tax payments and records when land is split, subdivided, or transferred. It requires county auditors to formally update tax records to reflect new ownership details and ensures that unpaid taxes and penalties are fairly divided between the original owner and any new partial owners based on the value of the land. The bill also prevents owners who owe back taxes from buying properties that have been seized due to non-payment. These changes aim to clarify how tax liabilities are managed during property transactions and ensure accurate record-keeping for local governments.