Sec. 8. When fixing the rate of taxation necessary to pay township indebtedness existing at the time of a disannexation, the township executive and the township legislative body shall fix the same rate for the disannexed territory as for territory remaining in the township. The township executive shall certify the tax rate for the disannexed territory to the county auditor, who shall place the tax rate on the tax duplicate for the disannexed territory, collect the tax, and pay it over to the township executive.
[Pre-Local Government Recodification Citation: 17-4-5-2.]
As added by Acts 1980, P.L.212, SEC.5.
Structure Indiana Code
Article 6. Government of Townships
Chapter 1. Division of County Into Townships
36-6-1-1. Name of Township; Change of Name
36-6-1-5.5. Transfer of Township Area to Abutting Township; Necessary Conditions; Effective Date
36-6-1-6. Surface Area Requirements
36-6-1-8. Disannexation; Existing Indebtedness; Fixing of Tax Rate
36-6-1-9. Annexed Territory; Liability for Existing Indebtedness
36-6-1-10. Abolition of Township; Rate of Taxation for Existing Indebtedness; Payment
36-6-1-11. Appeal; Certification of Judgment; Effective Date of Order
36-6-1-12. Territory of County Not Included in Township
36-6-1-13. Territory of County Included in More Than One Township