{"data":{"id":"us-in/ic-6-1.1-18-3","jurisdiction":"us-in","citation":"IC 6-1.1-18-3","heading":"Maximum political subdivision tax rate","body":"Sec. 3. (a) Except as provided in subsection (b), the sum of all tax rates for all political subdivisions imposed on tangible property within a political subdivision may not exceed:\n(1) forty-one and sixty-seven hundredths cents ($0.4167) on each one hundred dollars ($100) of assessed valuation in territory outside the corporate limits of a city or town; or\n(2) sixty-six and sixty-seven hundredths cents ($0.6667) on each one hundred dollars ($100) of assessed valuation in territory inside the corporate limits of a city or town.\n(b) The proper officers of a political subdivision shall fix tax rates which are sufficient to provide funds for the purposes itemized in this subsection. The portion of a tax rate fixed by a political subdivision shall not be considered in computing the tax rate limits prescribed in subsection (a) if that portion is to be used for one (1) of the following purposes:\n(1) To pay the principal or interest on a funding, refunding, or judgment funding obligation of the political subdivision.\n(2) To pay the principal or interest upon:\n(A) an obligation issued by the political subdivision to meet an emergency which results from a flood, fire, pestilence, war, or any other major disaster; or\n(B) a note issued under IC 36-2-6-18, IC 36-3-4-22, IC 36-4-6-20, or IC 36-5-2-11 to enable a city, town, or county to acquire necessary equipment or facilities for municipal or county government.\n(3) To pay the principal or interest upon an obligation issued in the manner provided in:\n(A) IC 6-1.1-20-3 (before its repeal);\n(B) IC 6-1.1-20-3.1 through IC 6-1.1-20-3.2; or\n(C) IC 6-1.1-20-3.5 through IC 6-1.1-20-3.6.\n(4) To pay a judgment rendered against the political subdivision.\n(c) Except as otherwise provided in IC 6-1.1-19 (before January 1, 2009), IC 6-1.1-18.5, IC 20-45 (before January 1, 2009), or IC 20-46, a county auditor or the department of local government finance may review the portion of a tax rate described in subsection (b) only to determine if it exceeds the portion actually needed to provide for one (1) of the purposes itemized in that subsection.","path":["TITLE 6. TAXATION","ARTICLE 1.1. PROPERTY TAXES","Chapter 18. Limitations on Property Tax Rates and Appropriations"],"source_url":"https://iga.in.gov/ic/2026/Title_6.html#6-1.1-18-3","current_through":"2026","vintage":"2026","retrieved_at":"2026-09-09T01:51:39Z","sha256":"3e62b04c373594dc0d6df873822f9de0221aa2af3075b42b5bcf638030c67bd1","source_id":"us-in","stale":false,"prev":"us-in/ic-6-1.1-18-2","next":"us-in/ic-6-1.1-18-4"},"notice":"GroundRules: Original legal text. Not legal advice."}