§ 6-1.1-50-3 — County ordinance adoption to provide property tax relief; individual election; amount

Indiana § 6-1.1-50-3

• Jurisdiction: Indiana
• Art. 1.1: PROPERTY TAXES
• Ch. 50: County Option Property Tax Relief for Homesteads

Text

(a) A county fiscal body may adopt an
ordinance to provide property tax relief as provided in this chapter to
qualified individuals on property taxes that are:
(1) attributable to the qualified individual's homestead property;
and
(2) first due and payable in 2023.
(b) An ordinance adopted under this section may allow a qualified
individual to elect to receive property tax relief under this chapter in
any of the following forms:
(1) As a rebate check.
(2) As a credit against the qualified individual's homestead
property tax liability installment due in November 2023.
(3) As a credit against the qualified individual's homestead
property tax liability first due and payable in 2024.
(c) The county fiscal body shall provide the amount of property tax
relief to be provided to each qualified individual in an ordinance
adopted under this section. The amount may be an amount:
(1) determined by the county fiscal body that is equal for all
qualified individuals; or
(2) that is proportional to each qualified individual's share of the
total amount of property tax liability first due and payable in 2023
on homesteads.

Legislative History

As added by P.L.239-2023, SEC.13.