Indiana Code 36-1-1.5-2. “Eligible municipality”
Current as of: 2023 | Check for updates
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Sec. 2. As used in this chapter, “eligible municipality” means a municipality that:
(A) the statewide average township assistance property tax rate for property taxes first due and payable in the preceding year (as determined by the department of local government finance); multiplied by
(1) includes any territory located in a township for which the township assistance property tax rate for property taxes first due and payable in any year after 2014 and before 2024 is more than:
Terms Used In Indiana Code 36-1-1.5-2
- Property: includes personal and real property. See Indiana Code 1-1-4-5
- township assistance property tax rate: has the meaning set forth in Indiana Code 36-1-1.5-3
- Year: means a calendar year, unless otherwise expressed. See Indiana Code 1-1-4-5
(B) twelve (12); and
(2) is adjacent to one (1) or more townships other than the township described in subdivision (1).
As added by P.L.234-2013, SEC.10. Amended by P.L.249-2015, SEC.25; P.L.143-2020, SEC.1.