Indiana § 20-44-3-2 "Levy excess" defined; limitation

Indiana Statutes

§ 20-44-3-2 — "Levy excess" defined; limitation

Indiana § 20-44-3-2

Title 20EDUCATION

Art. 44PROPERTY TAX LEVIES; GENERAL

Ch. 3Application of Levy Excess to Reduce Property Taxes

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Bluebook

Ind. Code § 20-44-3-2 (2026).

Text

As used in this chapter, "levy excess" means
that part of the property tax levy actually collected by a school
corporation for taxes first due and payable during a particular calendar
year that exceeds the school corporation's total levy, as approved by the
department of local government finance under IC 6-1.1-17, for those
property taxes. The term does not include delinquent ad valorem
property taxes collected during a particular year that were assessed for
an assessment date that precedes the assessment date for the current
year in which the ad valorem property taxes are collected.
[Pre-2006 Recodification Citation: 6-1.1-19-1.7(a).]

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As used in this chapter, "levy excess" means
that part of the property tax levy actually collected by a school
corporation for taxes first due and payable during a particular calendar
year that exceeds the school corporation's total levy, as approved by the
department of local government finance under IC 6-1.1-17, for those
property taxes. The term does not include delinquent ad valorem
property taxes collected during a particular year that were assessed for
an assessment date that precedes the assessment date for the current
year in which the ad valorem property taxes are collected.
[Pre-2006 Recodification Citation: 6-1.1-19-1.7(a).]