Indiana Code 16-22-14-4. Property tax rate limitation
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Sec. 4. The property tax rate imposed under this chapter may not exceed the lesser of the following:
(2) The property tax rate that is necessary to generate tax revenues in an amount equal to the county hospital’s qualified expenses in the ensuing year, as estimated in the governing body’s budget request under section 2 of this chapter.
(1) Six cents ($0.06) on each one hundred dollars ($100) of assessed valuation.
Terms Used In Indiana Code 16-22-14-4
- Property: includes personal and real property. See Indiana Code 1-1-4-5
- qualified expenses: means expenses incurred by a county hospital to provide emergency medical services (as defined in IC 16-18-2-110). See Indiana Code 16-22-14-1
- Year: means a calendar year, unless otherwise expressed. See Indiana Code 1-1-4-5
As added by P.L.154-2006, SEC.67.