(A) Pursuant to I.C. 6-3.5-1.1-26, a tax rate of 0.25% is imposed to provide property tax relief. This tax rate is in addition to any other tax rates imposed under I.C. 6-3.5-1.1.
(B) The tax revenue shall be used to uniformly provide the homestead credit percentage in the county. The homestead credits shall be treated for all purposes as property tax levies. The homestead credits do not reduce the basis for determining the state homestead credit under I.C. 6-1.1-20.9 (before its repeal). The homestead credits shall be applied to the net property taxes due on the homestead after the application of all other assessed value deductions or property tax deductions and credits that apply to the amount owed under I.C. 6-1.1. The Department of Local Government Finance shall determine the homestead credit percentage for a particular year based on the amount of tax revenue that will be used under this division to provide homestead credits in that year.
(Ord. 2010-10B, passed 10-13-10)
Editor’s note:
I.C. 6-3.5-1.1 and 6-3.5-1.1-26 were repealed by P.L. 243-2015, Sec. 1.