Section 36-8-19-7 - Tax levy rate; different tax rates authorized; implementation of total tax rate levied over a number of years(a) A tax levied under this chapter may be levied at:(1) a uniform rate upon all taxable property within the territory; or(2) different rates for the participating units included within the territory, so long as a tax rate applies uniformly to all of a unit's or fire protection district's taxable property within the territory.(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.Amended by P.L. 95-2022,SEC. 8, eff. 7/1/2022.Amended by P.L. 255-2017,SEC. 46, eff. 7/1/2017.Amended by P.L. 172-2011, SEC. 160, eff. 5/10/2011.As added by P.L. 37-1994, SEC.3. Amended by P.L. 240-2001, SEC.4.