§ 20-46-8-1 — Property tax levy components

Indiana § 20-46-8-1

• Jurisdiction: Indiana
• Title 20: EDUCATION
• Art. 46: LEVIES OTHER THAN GENERAL FUND LEVIES
• Ch. 8: School Corporation Operations Fund Property Tax Levy

Text

(a) A school corporation may impose an annual
property tax levy for its operations fund.
(b) For property taxes first due and payable in 2019, the maximum
permissible property tax levy a school corporation may impose for its
operations fund (IC 20-40-18) is the following:
STEP ONE: Determine the sum of the following:
(A) The 2018 maximum permissible transportation levy
determined under IC 20-46-4 (repealed January 1, 2019).
(B) The 2018 maximum permissible school bus replacement
levy determined under IC 20-46-5 (repealed January 1, 2019).
(C) The 2018 amount that would be raised from a capital
projects fund tax rate equal to the sum of:
(i) the maximum capital projects fund rate that the school
corporation was authorized to impose for 2018 under IC 20-46-6 (repealed January 1, 2019), after any adjustment
under IC 6-1.1-18-12 (but excluding any rate imposed for
qualified utility and insurance costs); plus
(ii) the capital projects fund rate imposed for qualified utility
and insurance costs in 2018.
(D) For school corporations described in IC 36-10-13-7, the
2018 levy as provided in section 6 of this chapter (repealed
January 1, 2019) to provide funding for an art association.
(E) For a school corporation in a county having a population of
more than two hundred fifty thousand (250,000) and less than
three hundred thousand (300,000), the 2018 levy as provided in
section 7 of this chapter (repealed January 1, 2019) to provide
funding for a historical society.
(F) For a school corporation described in IC 36-10-14-1, the
2018 levy as provided in section 8 of this chapter (repealed
January 1, 2019) to provide funding for a public playground.
STEP TWO: Determine the product of:
(A) The amount determined in STEP ONE, after eliminating the
effects of temporary excessive levy appeals and any other
temporary adjustments made to each of these levies for 2018
(regardless of whether the school corporation imposed the
entire amount of that maximum permissible levy for the
previous year); multiplied by
(B) the maximum levy growth quotient determined under IC 6-1.1-18.5-2.
STEP THREE: Determine the result of the following:
(A) Determine the sum of:
(i) the amount determined in STEP TWO; plus
(ii) the amount granted due to an appeal to increase the levy
for transportation for 2019.
(B) Make the school bus replacement adjustment for 2019.
(c) After 2019, the maximum permissible property tax levy a school
corporation may impose for its operations fund for a particular year is
the following:
STEP ONE: Determine the product of:
(A) the maximum permissible property tax levy for the school
corporation's operations fund for the previous year, after
eliminating the effects of temporary excessive levy appeals and
any other temporary adjustments made to the levy for the
previous year (regardless of whether the school corporation
imposed the entire amount of the maximum permissible levy
for the previous year); multiplied by
(B) the maximum levy growth quotient determined under IC 6-1.1-18.5-2.
STEP TWO: Determine the result of the following:
(A) Determine the sum of:
(i) the amount determined in STEP ONE; plus
(ii) the amount granted due to an appeal to increase the
maximum permissible operations fund levy for the year under
section 3 of this chapter for transportation (before its
expiration).
(B) Make the school bus replacement adjustment permitted by
section 3 of this chapter.

Legislative History

As added by P.L.244-2017, SEC.106. Amended by P.L.140-2018, SEC.22; P.L.159-2020, SEC.64; P.L.104-2022, SEC.129; P.L.68-2025, SEC.223.