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2018 Indiana Code
TITLE 6. Taxation
ARTICLE 1.1. PROPERTY TAXES
CHAPTER 20.4. Local Homestead Credits
6-1.1-20.4-5. Calculation of credit
Universal Citation: IN Code § 6-1.1-20.4-5 (2018)
IC 6-1.1-20.4-5 Calculation of credit
Sec. 5. An ordinance or resolution adopted under this chapter must provide for a homestead credit that is either a uniform:
(1) percentage of the net property taxes due on the homestead after the application of all other deductions and credits; or
(2) dollar amount applicable to each homestead.
The ordinance or resolution must specify the percentage or the dollar amount.
As added by P.L.246-2005, SEC.61.
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