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.
Structure Indiana Code
Chapter 20.4. Local Homestead Credits
6-1.1-20.4-2. "Property Tax Liability"
6-1.1-20.4-4. Requirement for Credit; Adoption of Ordinance or Resolution
6-1.1-20.4-5. Calculation of Credit
6-1.1-20.4-6. Credit Applicable Only to Homestead
6-1.1-20.4-7. Exemption From Filing Requirement