Sec. 3. The total tax rate to be imposed on each one hundred dollars ($100) of the assessed value of property shall be determined in the manner provided by law. Property tax revenues shall be used for state expenditures and for the support of the political subdivisions of this state. [Pre-1975 Property Tax Recodification Citation: 6-1-1-1.] Formerly: Acts 1975, P.L.47, SEC.1.
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