Indiana § 6-1.1-18.5-25 Levy limit applicable to municipalities with certain levels of growth in
assessed value and population

Indiana Statutes

§ 6-1.1-18.5-25 — Levy limit applicable to municipalities with certain levels of growth in assessed value and population

Indiana § 6-1.1-18.5-25

Art. 1.1PROPERTY TAXES

Ch. 18.5Civil Government Property Tax Controls

This text of Indiana § 6-1.1-18.5-25 (Levy limit applicable to municipalities with certain levels of growth in assessed value and population) 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 § 6-1.1-18.5-25 (2026).

Text

(a)The ad valorem property tax levy limits imposed under section 3 of this chapter do not apply to a municipality in a year if all the following apply:

(1)The percentage growth in the municipality's assessed value for the preceding year compared to the year before the preceding year is at least two (2) times the maximum levy growth quotient determined under section 2 of this chapter for the preceding year.

(2)The municipality's population increased by at least one hundred fifty percent (150%) between the last two (2) decennial censuses. The computation of an increase of one hundred fifty percent (150%) under this subdivision shall be determined according to the last STEP of the following STEPS: STEP ONE: Determine the municipality's population as tabulated following the first decennial

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(a) The ad valorem property tax levy
limits imposed under section 3 of this chapter do not apply to a
municipality in a year if all the following apply:
(1) The percentage growth in the municipality's assessed value for
the preceding year compared to the year before the preceding year
is at least two (2) times the maximum levy growth quotient
determined under section 2 of this chapter for the preceding year.
(2) The municipality's population increased by at least one
hundred fifty percent (150%) between the last two (2) decennial
censuses. The computation of an increase of one hundred fifty
percent (150%) under this subdivision shall be determined
according to the last STEP of the following STEPS:
STEP ONE: Determine the municipality's population as
tabulated following the first decennial census.
STEP TWO: Determine the municipality's population as
tabulated following the second decennial census.
STEP THREE: Multiply the amount determined under STEP
ONE by a factor of two and five-tenths (2.5).
STEP FOUR: Determine whether the population determined
under STEP TWO is greater than or equal to the STEP THREE
product.
(b) A municipality that meets all the requirements under subsection
(a) may increase its ad valorem property tax levy in excess of the limits
imposed under section 3 of this chapter by a percentage equal to the
lesser of:
(1) the percentage growth in the municipality's assessed value for
the preceding year compared to the year before the preceding
year; or
(2) six percent (6%).
(c) A municipality's maximum levy growth that results from either
annexation or the pass through of assessed value from a tax increment
financing district may not be included for the purposes of determining
a municipality's maximum levy growth under this section.
(d) This section applies to property tax levies imposed after
December 31, 2016, and before January 1, 2026.
(e) This section expires December 31, 2026.