§ 6-1.1-47-7 — Allocation of property taxes

Indiana § 6-1.1-47-7

• Jurisdiction: Indiana
• Art. 1.1: PROPERTY TAXES
• Ch. 47: County Option Allocation of Property Taxes Paid on

Text

(a) For each year in which an ordinance
adopted under section 2 of this chapter is in effect in a county, for each
list submitted by a transferring entity under section 6 of this chapter,
the county auditor shall allocate the property taxes collected for the
items of real property on the list as follows:
(1) The percentage specified in an ordinance adopted under
section 2 or 3 of this chapter, as applicable, to the transferring
entity.
(2) One hundred percent (100%) minus the percentage described
in subdivision (1) to the respective taxing districts in which the
properties are located.
Subject to annual appropriation by the county fiscal body, the county
auditor shall distribute amounts allocated under subdivision (1) to the
transferring entity at the same time other property taxes are apportioned
and distributed. The county auditor shall apportion and distribute the
amounts allocated to a taxing district under subdivision (2) among the
taxing units of that taxing district in the same manner and at the same
time as other property taxes are apportioned and distributed.
(b) If an item of real property is listed on more than one (1) list that
the county auditor receives under section 6 of this chapter, the county
auditor shall make the allocation required under subsection (a)(1) to the
transferring entity that transferred the item of real property most
recently.

Legislative History

As added by P.L.110-2017, SEC.2.