Indiana Code 6-1.1-2-3. Rate of tax; use of revenues
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Terms Used In Indiana Code 6-1.1-2-3
- Property: includes personal and real property. See Indiana Code 1-1-4-5
Sec. 3. The total tax rate to be imposed on each one hundred dollars ($100) of the assessed value of property shall be determined in the manner provided by law. Property tax revenues shall be used for state expenditures and for the support of the political subdivisions of this state.
[Pre-1975 Property Tax Recodification Citation: 6-1-1-1.]
Formerly: Acts 1975, P.L.47, SEC.1.