Indiana § 6-1.1-18.5-29 Otter Creek Township; maximum levies

Indiana Statutes

§ 6-1.1-18.5-29 — Otter Creek Township; maximum levies

Indiana § 6-1.1-18.5-29

Art. 1.1PROPERTY TAXES

Ch. 18.5Civil Government Property Tax Controls

This text of Indiana § 6-1.1-18.5-29 (Otter Creek Township; 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 § 6-1.1-18.5-29 (2026).

Text

(a)This section applies only to the Otter Creek Township in Vigo County.

(b)Subject to subsection (c), the executive of a township described in subsection (a) may, after approval by the fiscal body of the township, and before August 1, 2023, submit a petition to the department of local government finance requesting an increase in the township's maximum permissible ad valorem property tax levy for property taxes first due and payable in 2024.

(c)Before the fiscal body of the township may approve a petition under subsection (b), the fiscal body of the township shall 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 describi

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(a) This section applies only to the Otter
Creek Township in Vigo County.
(b) Subject to subsection (c), the executive of a township described
in subsection (a) may, after approval by the fiscal body of the township,
and before August 1, 2023, submit a petition to the department of local
government finance requesting an increase in the township's maximum
permissible ad valorem property tax levy for property taxes first due
and payable in 2024.
(c) Before the fiscal body of the township may approve a petition
under subsection (b), the fiscal body of the township shall 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 township's maximum permissible ad valorem
property tax levy.
(3) The estimated effect of the proposed increase on taxpayers.
After the fiscal body approves the petition, the township shall
immediately notify the other civil taxing units and school corporations
in the county that are located in a taxing district where the township is
also located.
(d) If the executive of the township 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 2023 by not more than one
hundred thousand dollars ($100,000).
(e) The township's maximum permissible ad valorem property tax
levy for property taxes first due and payable in 2024, as adjusted under
this section, shall be used in the determination of the township's
maximum permissible ad valorem property tax levy under IC 6-1.1-18.5 for property taxes first due and payable in 2025 and
thereafter.
(f) This section expires June 30, 2028.