Hearing on Proposed Local Income Tax Ordinance #2019-15
HEARING ON PROPOSED LOCAL INCOME TAX ORDINANCE #2019-15
Notice is hereby given to the taxpayers of PARKE COUNTY, Indiana, that the PARKE COUNTY COUNCIL will consider at the EMERGENCY OPERATIONS BUILDING AT 110 E. Ohio St., Rockville, IN at 9:00 o’clock am on September 12, 2019, the following proposed ordinance regarding the local income tax imposed within PARKE COUNTY.
Allocation Rate Category Existing LIT Rate Proposed LIT Rate
Certified Shares (IC 6-3.6-6) 1.65% 1.56%
Public Safety (IC 6-3.6-6) 0.25% 0.25%
Economic Development (IC 6-3.6-6) 0.25% 0.34%
Property Tax Relief Rate (IC 6-3.6-5) 0.50% 0.50%
Special Purpose Rate (IC 6-3.6-7-__) 0% 0%
Correctional or Rehabilitation Facilities
(IC 6-3.6-6-2.7) 0% 0%
APPLICATION OF PROPERTY TAX RELIEF BETWEEN ALLOCATION CATEGORIES
Property Tax Credit Existing Percent of Proposed Percent of
Allocation Categories Revenue Revenue
(IC 6-3.6-5-6)
All Property Tax Allocation Categories 50% 50%
1% Allocation Type:
Homesteads eligible for a credit under
IC 6-1.1-20.6-7.5. 50% 50%
2% Allocation Type:
Residential property, agricultural land, long
care property, and other tangible property
eligible for a credit under IC 6-1.1-20.6-7.5 0% 0%
3% Allocation Type:
Nonresidential real property, personal property,
and other tangible property eligible for a credit
under IC 6-1.1-20.6-7.5 0% 0%
Residential property, as defined in 6-1.1-20.6-4 0% 0%
FOR LEVY FREEZE COUNTIES ONLY
The expenditure rate includes a rate associated with a levy freeze rate previously imposed
under the former local option income tax statues.
Allocation Rate Category Existing LIT Rate Proposed LIT Rate
Certified Shares (IC 6-3.6-6) 1.00% 1.00%
The levy freeze rate after adoption will be as follows:
Local Income Tax Type Existing Rate Proposed Rate
Levy Freeze Rate 0.65% 0.56%
After the public hearing, the PARKE COUNTY COUNCIL may take action on the proposed
ordinance. There is no remonstrance opportunity on any action taken on the proposed ordinance. The public hearing identified above is the taxpayer’s opportunity to express
concerns and ask questions on the proposed ordinance.
Dated this 5th day of August, 2019.
PARKE COUNTY COUNCIL