§ 6-1.1-20.3-6.7 — "Township assistance property tax rate"; designation of certain townships as distressed political subdivisions

Indiana § 6-1.1-20.3-6.7

• Jurisdiction: Indiana
• Art. 1.1: PROPERTY TAXES
• Ch. 20.3: Distressed Political Subdivisions

Text

7. (a) As used in this chapter, "township
assistance property tax rate" means the property tax rate imposed for
the payment of township assistance. In the case of a township that has
a separately calculated maximum permissible ad valorem property tax
levy for the township's township assistance administration property tax
levy and the township's township assistance benefits property tax levy
under IC 12-20-21-3.2, "township assistance property tax rate" means
the sum of the property tax rate imposed for the township's township
assistance administration property tax levy and the property tax rate
imposed for the township's township assistance benefits property tax
levy.
(b) Subsection (c) applies only to a township for which the
township's township assistance property tax rate for property taxes first
due and payable in 2014 or in any year thereafter is more than the
result of:
(1) the statewide average township assistance property tax rate (as
determined by the department of local government finance) for
property taxes first due and payable in the preceding year;
multiplied by
(2) twelve (12).
(c) The board may in any year in which this subsection applies to a
township (as provided in subsection (b)) designate a township
described in subsection (b) as a distressed political subdivision,
effective January 1 of the following year, regardless of whether the
township has submitted a petition requesting to be designated as a
distressed political subdivision.

Legislative History

As added by P.L.234-2013, SEC.3. Amended by P.L.249-2015, SEC.15.