IC 16-22-14-4: Property tax rate limitation

Sec. 4. The property tax rate imposed under this chapter may not exceed the lesser of the following:

(1) Six cents ($0.06) on each one hundred dollars ($100) of assessed valuation.

(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.