§ 36-8-19-7 — Tax levy rate; different tax rates authorized; limitation on tax rates for a territory established after December 31, 2024

(a) Subject to subsection (d), a tax levied under
this chapter may be levied at:
(1) a uniform rate upon all taxable property within the territory;
or
(2) different rates for the participating units included within the
territory, so long as a tax rate applies uniformly to all of a unit's
or fire protection district's taxable property within the territory.
(b) If a uniform tax rate is levied upon all taxable property within a
territory upon the formation of the territory, different tax rates may be
levied for the participating units included within the territory in
subsequent years.
(c) This subsection applies to a territory established by an ordinance
or a resolution adopted under this chapter after December 31, 2022. A
total tax rate levied under this chapter upon taxable property within a
territory upon the formation of the territory may be implemented over
a number of years, not exceeding five (5), and in a manner subject to
review and approval by the department of local government finance.
(d) This subsection applies to a territory established by an ordinance
or a resolution adopted under this chapter after December 31, 2024.
The provider unit and each participating unit in a territory may not
impose a tax rate on the unit's or fire protection district's taxable
property within the territory that exceeds forty cents ($0.40) per one
hundred dollars ($100) of assessed valuation.

Legislative History

As added by P.L.37-1994, SEC.3. Amended by P.L.240-2001, SEC.4; P.L.172-2011, SEC.160; P.L.255-2017, SEC.46; P.L.95-2022, SEC.8; P.L.68-2025, SEC.240.