Indiana § 6-1.1-18.5-27 Town of Winfield; maximum levies

Indiana Statutes

§ 6-1.1-18.5-27 — Town of Winfield; maximum levies

Indiana § 6-1.1-18.5-27

Art. 1.1PROPERTY TAXES

Ch. 18.5Civil Government Property Tax Controls

This text of Indiana § 6-1.1-18.5-27 (Town of Winfield; maximum levies) 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 § 6-1.1-18.5-27 (2026).

Text

(a)This section applies only to the town of Winfield in Lake County.

(b)Subject to subsection (c), the executive of a town described in subsection (a) may, after approval by the fiscal body of the town, and before August 1, 2021, submit a petition to the department of local government finance requesting an increase in the town's maximum permissible ad valorem property tax levy for property taxes first due and payable in 2022.

(c)Before the fiscal body of the town may approve a petition under subsection (b), the fiscal body of the town must hold a public hearing on the petition. The fiscal body shall give notice of the public hearing under IC 5-3-1. At the public hearing, the fiscal body shall make available to the public the following:

(1)A fiscal plan describing the need for the incre

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(a) This section applies only to the town
of Winfield in Lake County.
(b) Subject to subsection (c), the executive of a town described in
subsection (a) may, after approval by the fiscal body of the town, and
before August 1, 2021, submit a petition to the department of local
government finance requesting an increase in the town's maximum
permissible ad valorem property tax levy for property taxes first due
and payable in 2022.
(c) Before the fiscal body of the town may approve a petition under
subsection (b), the fiscal body of the town must hold a public hearing
on the petition. The fiscal body shall give notice of the public hearing
under IC 5-3-1. At the public hearing, the fiscal body shall make
available to the public the following:
(1) A fiscal plan describing the need for the increase to the levy
and the expenditures for which the revenue generated from the
increase to the levy will be used.
(2) A statement that the proposed increase will be a permanent
increase to the town's maximum permissible ad valorem property
tax levy.
(3) The estimated effect of the proposed increase on taxpayers.
(4) The anticipated property tax rates and levies for property taxes
first due and payable in 2022.
(5) The anticipated impact on local income tax distributions to the
town, compared to other political subdivisions in the county, for
distributions made in 2023 and thereafter.
(6) The anticipated impact on excise tax distributions to the town,
compared to other political subdivisions in the county, for
distributions made in 2022 and thereafter.
After the fiscal body approves the petition, the town shall immediately
notify the other civil taxing units and school corporations in the county
that are located in a taxing district where the town is also located.
(d) If the executive of the town submits a petition under subsection
(b), the department of local government finance shall increase the
maximum permissible ad valorem property tax levy for property taxes
first due and payable in 2022 by not more than one million one hundred
thousand dollars ($1,100,000).
(e) The town's maximum permissible ad valorem property tax levy
for property taxes first due and payable in 2022, as adjusted under this
section, shall be used in the determination of the town's maximum
permissible ad valorem property tax levy under IC 6-1.1-18.5 for
property taxes first due and payable in 2023 and thereafter.
(f) This section expires June 30, 2026.