Property tax; assessment; limitation

Sec. 4. To raise the amount necessary for the purchase of real property and the erection and furnishing of the buildings for county homes under this chapter, the board of commissioners of a county may assess a tax on property liable to be assessed for raising a county revenue. The assessment may not increase the rates at which the property is assessed by the laws existing when the tax is assessed by more than twenty-five percent (25%). [Pre-1992 Revision Citation: 12-4-1-2.] As added by P.L.2-1992, SEC.24.