Indiana § 6-1.1-18-29.5 Fire protection territory's petition for an increase to its maximum ad
valorem property tax levy for its fire protection territory fund; formula;
calculation

Indiana Statutes

§ 6-1.1-18-29.5 — Fire protection territory's petition for an increase to its maximum ad valorem property tax levy for its fire protection territory fund; formula; calculation

Indiana § 6-1.1-18-29.5

Art. 1.1PROPERTY TAXES

Ch. 18Limitations on Property Tax Rates and Appropriations

This text of Indiana § 6-1.1-18-29.5 (Fire protection territory's petition for an increase to its maximum ad valorem property tax levy for its fire protection territory fund; formula; calculation) is published on Counsel Stack Legal Research, covering Indiana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ind. Code § 6-1.1-18-29.5 (2026).

Text

5.

(a)The executive of a unit serving as the provider unit of a fire protection territory may, upon approval by the provider unit's fiscal body, submit a petition to the department of local government finance for an increase in the fire protection territory's maximum permissible ad valorem property tax levy for its fire protection territory fund under IC 36-8-19-8 for property taxes first due and payable in 2023 or for any year thereafter for which a petition is submitted under this section.

(b)If a petition is submitted as provided in subsection (a) before August 1, 2022, or April 1 of a year thereafter, the department of local government finance shall increase the fire protection territory's maximum permissible ad valorem property tax levy for the fire protection territory fund under I

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5. (a) The executive of a unit serving as the
provider unit of a fire protection territory may, upon approval by the
provider unit's fiscal body, submit a petition to the department of local
government finance for an increase in the fire protection territory's
maximum permissible ad valorem property tax levy for its fire
protection territory fund under IC 36-8-19-8 for property taxes first due
and payable in 2023 or for any year thereafter for which a petition is
submitted under this section.
(b) If a petition is submitted as provided in subsection (a) before
August 1, 2022, or April 1 of a year thereafter, the department of local
government finance shall increase the fire protection territory's
maximum permissible ad valorem property tax levy for the fire
protection territory fund under IC 36-8-19-8 for property taxes first due
and payable in the immediately succeeding year by using the following
formula for purposes of subsection (c)(2):
STEP ONE: Determine the percentage increase in the population,
as determined by the provider unit's fiscal body and as may be
prescribed by the department of local government finance, that is
within the fire protection territory area during the ten (10) year
period immediately preceding the year in which the petition is
submitted under subsection (a). The provider unit's fiscal body
may use the most recently available population data issued by the
Bureau of the Census during the ten (10) year period immediately
preceding the petition.
STEP TWO: Determine the greater of zero (0) or the result of:
(A) the STEP ONE percentage; minus
(B) six percent (6%);
expressed as a decimal.
STEP THREE: Determine a rate that is the lesser of:
(A) fifteen-hundredths (0.15); or
(B) the STEP TWO result.
STEP FOUR: Reduce the STEP THREE rate by any rate increase
in the fire protection territory's property tax rate for its fire
protection territory fund within the immediately preceding ten
(10) year period that was made based on a petition submitted by
the fire protection territory under this section.
(c) The fire protection territory's maximum permissible ad valorem
property tax levy for its fire protection territory fund under IC 36-8-19-8 for property taxes first due and payable in a given year, as
adjusted under this section, shall be calculated as:
(1) the amount of the ad valorem property tax levy increase for
the fire protection territory fund without regard to this section;
plus
(2) an amount equal to the result of:
(A) the rate determined under the formula in subsection (b);
multiplied by
(B) the net assessed value of the fire protection territory area
divided by one hundred (100).
The calculation under this subsection shall be used in the determination
of the fire protection territory's maximum permissible ad valorem
property tax levy under IC 36-8-19-8 for property taxes first due and
payable in the first year of the increase and thereafter.