Indiana Code Title 36. Local Government § 36-8-19-7

Sec. 7. (a) Subject to subsection (d), a tax levied under this chapter may be levied at:

(b) If a uniform tax rate is levied upon all taxable property within a territory upon the formation of the territory, different tax rates may be levied for the participating units included within the territory in subsequent years.

(c) This subsection applies to a territory established by an ordinance or a resolution adopted under this chapter after December 31, 2022.  A total tax rate levied under this chapter upon taxable property within a territory upon the formation of the territory may be implemented over a number of years, not exceeding five (5), and in a manner subject to review and approval by the department of local government finance.

(d) This subsection applies to a territory established by an ordinance or a resolution adopted under this chapter after December 31, 2024.  The provider unit and each participating unit in a territory may not impose a tax rate on the unit's or fire protection district's taxable property within the territory that exceeds forty cents ($0.40) per one hundred dollars ($100) of assessed valuation.