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.
Ind. Code § 6-1.1-2-3
Rate of tax; use of revenues
Applied in 1 court decision — leading case 2513-2515 South Holt Road Holdings, LLC v. Holt Road, LLC (2015)
Most recently applied in 2513-2515 South Holt Road Holdings, LLC v. Holt Road, LLC (July 2015)
Formerly: Acts 1975, P.L.47, SEC.1.
Official source: Indiana General Assembly. Reproduced from public-domain Indiana statutes; confirm against the official source for the current text. Not legal advice.