Why is the new tax being proposed?

Currently the town is running on a negative budget. Without this fund, we cannot do any repairs to town owned properties. The money will be used for repairs to town hall and garages, future purchase of a police car and snowplow equipment along with body armor for our police officer.

How much I am going to be taxed?

The 2027 tax rate will be .0167 for every $100 of assed value of property. This comes out to $16.70 per $100,000 of assessed value.

The 2028 tax rate will be .0333 for every $100 of assed value of property. This comes out to $33.30 per $100,000 of assessed value.

The 2029 and thereafter, tax rate will be .05 for every $100 of assed value of property. This comes out to $50 per $100,000 of assessed value.

When will this proposed new tax be discussed and voted on?

The Rocky Ripple Town Council will consider at Rocky Ripple Town Hall-930 W 54th St, Indianapolis, IN 46208 at 7:30 pm on May 12th, 2026.

Everyone has a right to be heard, for and against, at that meeting.

 

NOTICE TO TAXPAYERS OF HEARING ON PROPOSED CUMULATIVE

CAPITOL IMPROVEMENT FUND

Notice is hereby given to the taxpayers of Town of Rocky Ripple,

Marion , County, Indiana, that the Rocky Ripple Town Council      

will consider at Rocky Ripple Town Hall-930 W 54th St, Indianapolis, IN 46208             

at 7:30 pm on May 12th, 2026, the establishment of a Cumulative Capitol Improvement Fund

under the provisions of Indiana Code § 36-9-15.5 for the purposes as follows:

 For all uses 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 on each $100 of assessed valuation for taxes payable in 2027; $ 0.0333 on each $100 of assessed valuation for taxes payable in 2028; $0.0500 on each $100 of assessed valuation for taxes payable in 2029 and thereafter, continuing until reduced or rescinded.

Taxpayers appearing at such hearing shall have the right to be heard thereon. The proposed tax rate for the Cumulative Capitol Improvement Fund is subject to certification by the Department of Local Government Finance.

Within 30 days after the date of the adoption of the Cumulative Capitol Improvement fund by the Rocky Ripple Town Council, the Town of Roky Ripple will publish a Notice of Adoption.

Upon publication of the Notice of Adoption, 25 or more taxpayers in the taxing district may file a petition with the County Auditor not later than noon 30 days after the publication of the Notice of Adoption setting forth their objections to the proposed fund.

Dated this 25th day of April, 2026.

Rocky Ripple Town Council