The appeal may be granted if the district with respect to 2001 property taxes payable in 2002:(1) imposed the maximum property tax rate established under section 12 of this chapter; and(2) collected property tax revenue in an amount less than the maximum permissible ad valorem property tax levy determined for the district under IC 6-1.1-18.5.(b) The procedure applicable to maximum levy appeals under IC 6-1.1-18.5 applies to an appeal under this section.(c) An additional levy granted under this section may not exceed the rate calculated to result in a property tax levy equal to the maximum permissible ad valorem property tax levy determined for the district under IC 6-1.1-18.5.(d) The department of local government finance shall establish the tax rate if a higher tax rate is permitted.As added by P.L.178-2002, SEC.88. Amended by P.L.146-2008, SEC.423.
Indiana Legal Code