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.
Calculation of credit
Ind. Code § 6-1.1-20.4-5, under Chapter 20.4. Local Homestead Credits.
Ind. Code § 6-1.1-20.4-5