Ad valorem property tax; computation
Sec. 9.7. (a) The ad valorem property tax levy limits imposed by
section 3 of this chapter do not apply to ad valorem property taxes
imposed under any of the following:
(1) IC 12-16, except IC 12-16-1.
(2) IC 12-19-5.
(3) IC 12-19-7.
(4) IC 12-19-7.5.
(5) IC 12-20-24.
(b) For purposes of computing the ad valorem property tax levy
limits imposed under section 3 of this chapter, a county's or
township's ad valorem property tax levy for a particular calendar year
does not include that part of the levy imposed under the citations
listed in subsection (a).
(c) Section 8(b) of this chapter does not apply to bonded
indebtedness that will be repaid through property taxes imposed
under IC 12-19.
As added by P.L.45-1984, SEC.1. Amended by P.L.16-1986, SEC.4;
P.L.2-1992, SEC.60; P.L.36-1994, SEC.3; P.L.52-1996, SEC.1;
P.L.273-1999, SEC.55; P.L.224-2003, SEC.85.
Last modified: May 28, 2006