Notice is hereby given the taxpayers of the Town of Claypool, Kosciusko County, Indiana, that the Town Council will consider at the 205 W. Calhoun Street, Claypool, Indiana 46167 at 7:00 o'clock pm on March 15, 2022, the establishment of a Cumulative Capital Development Fund under the provisions of Indiana Code 36-9-15.5 for the purposes as follows:
For all uses as set out in IC 36-9-15.5
The tax will be levied on all taxable real and personal property within the taxing district and will not exceed:
$0.0167 per $100 of assessed valuation beginning with taxes payable in 2023,
$0.0333 per $100 of assessed valuation beginning with taxes payable in 2024, and
$0.0500 per $100 of assessed valuation beginning with taxes payable in 2025 and thereafter,
continuing until reduced or rescinded. Taxpayers appearing at such hearing shall have the right to be heard thereon. The proposal for establishment of the Cumulative Capital Development Fund is subject to approval by the Department of Local Government Finance, which will require a Notice of Submission to be given to the taxpayers by publication.
Upon publication of the Notice of Submission, twenty-five (25) or more taxpayers in the taxing district may file a petition with the County Auditor not later than thirty (30) days after publication, setting forth their objections to the proposed levy.
