MADISON MUNICIPAL AIRPORT (KIMS)

Hangar Land Leases

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This guide is being updated and reorganized for 2022-2023. Please contact us if you are interested in building a hangar.

We are working on making this guide flow better.


Download Sample Lease

SAMPLE HANGAR LEASE 2021
File Size: 893 kb
File Type: pdf
Download File


Hangar Lease Key Points

  • 40 Year Lease renewable up to an additional 40 years! That's 80 years total!
  • The lease is transferable! If you decide to sell the hangar, the lease transfers to the next owner!
  • Property Tax Exempt
  • Hangars built to a Class I Structure can Sub Lease at their discretion

What is permitted?

  • Storage of active aircraft.
  • Shelter for maintenance, repair, or refurbishment of aircraft, but not the indefinite storage of non-operational aircraft.
  • Construction of amateur-built or kit-built aircraft provided that activities are conducted safely;
  • Storage of aircraft handling equipment, e.g., tow bar, glider tow equipment, workbenches, and tools and materials used to service, maintain, repair or outfit aircraft; items related to ancillary or incidental uses that do not affect the hangars' primary use.
  • Storage of materials related to an aeronautical activity, e.g., balloon and skydiving equipment, office equipment, teaching tools, and materials related to ancillary or incidental uses that do not affect the hangars' primary use; Storage of non-aeronautical items that do not interfere with the primary aeronautical purpose of the hangar (for example, televisions, furniture).
  • A vehicle parked at the hangar while the aircraft usually stored in that hangar is flying, subject to local airport rules and regulations.

What is NOT permitted?

  • Use as a residence. No apartments or sleeping at your hangar allowed. The FAA does distinguish between residential and crew rest areas. Crew rest areas are acceptable.
  • Operation of a non-aeronautical business, e.g., limo service, car and motorcycle storage, storage of inventory, non-aeronautical business office.
  • Activities which impede the movement of the aircraft in and out of the hangar or other aeronautical contents of the hangar.
  • Activities which displace the aeronautical contents of the hangar or impede access to aircraft or other aeronautical contents of the hangar.
  • Storage of household items that could be stored in commercial storage facilities.
  • Long-term storage of derelict aircraft and parts. No Hangar Queens!
  • Storage of items or activities prohibited by local or state law.
  • Fuel, and other dangerous and Hazmat materials. Fuel farms must be approved and meet all Federal, State, Local, and Environmental Regulations.
  • Storage of inventory or equipment supporting a municipal agency function unrelated to the aeronautical use.

Hangar Land Lease and Impact Fees

​Hangar Leases are based off of the following formula:
(((Hangar Square Footage) * Acre Sq Footage 43,560) * Current Property Value $50,000 per acre)/10 years = Hangar Lease

​Here are some examples:

Use our Excel Sheet Template to figure out your hangar cost!:

Hangar Land Lease and Impact Fee Calculator UPDATED 2022
File Size: 14 kb
File Type: xltx
Download File

Hangar Width
Hangar Depth
Annual Land Lease
One Time Impact Fee
40
50
$500
$8,000
45
50
$500
$9,000
50
60
$500
$10,000
60
80
$550.96
$12,000
100
90
$1,033.06
$20,000
120
100
$1,377.41
$24,000
150
150
$2,582.64
$30,000
Minimum Annual Land Leases are $500 until 2030. Impact fees are a minimum of $5000.

e911 address:

Hangars at the Madison Municipal Airport can have up to 3 different addresses. We have a Mailing Address, Billing Address, and e911 Address.
​
.
Establish e911 Address
Establish Physical Address
Billing Address
I DO want to receive mail at my hangar
YES
YES
USE PHYSICAL ADDRESS OR HOME ADDRESS
I DO NOT want to receive mail at my hangar
YES
NO
USE HOME ADDRESS

Property Tax Exemption:

A hangar is Property Tax Exempt in the State of Indiana. You will need to fill out an Application for Property Tax Exemption State Form 09284 (Form 136) in order to get the exemption. You can find that information at the link here.

This guide is a work in progress. Please let us know if you have questions or concerns. As always, we value any and all feedback!

Madison Municipal Airport

3919 West IMS Lane

​Madison, IN 47250
​
​812-273-1914

  • Home
  • Flying In?
    • Fuel
    • FBO/Services
    • Where to Stay
    • Ground Transportation
    • Airport Layout
  • Based Pilot Info
    • Based Aircraft Contact Form
    • Pilot Medical Resources
    • Live AWOS
    • Based Fuel Discount
    • Hangar Information >
      • Hangar Property Tax Exemption (FORM 136)
      • Build A Hangar >
        • Hangar Land Leases
  • Businesses
    • Airplane Rides >
      • City Flights
    • Flight Training >
      • Kentucky Flight Training Center
      • Madison Air Training Center
      • Robinson Aerobatics
    • Aircraft Rental >
      • Madison Aero Club
    • Aircraft Maintenance >
      • Gosman Aviation
      • Aircraft Services, LLC
      • Red Scarf Aviation, LLC
    • AG Spraying >
      • Over and Under Flying Services
    • Aircraft Restoration >
      • Bishop Air Service
      • Madison Aeronautical, LLC
    • Information Technology >
      • RemoteAdmin.net
    • Air Medical >
      • PHI Air Medical
  • Visit Madison
    • Things to Do
    • Places to Stay
    • Places to Eat
    • Shopping
    • Weekend Events
    • Things to Explore
    • Additional Information
  • Events
    • Air Show and Fly-In 2022
    • Visit Madison Events
    • Madison Regatta and Roostertail Music Festival
    • Ribberfest BBQ and Blues
    • Chautauqua Festival of Art
  • Community Info
    • Community Service Hours
    • Contracts/Bids >
      • Farming Contract
      • Mowing Contract
      • Weed Spraying Contract
    • City of Madison
    • Drone Information
    • FAQ
    • Jefferson County
  • About IMS
    • Contact Us
    • Staff and BOAC
    • Employment Opportunities