Sec. 18.5. (a) The area of the watershed described in subsection (b) is a political subdivision authorized by the general assembly to enable the commission to provide special benefits to taxpayers in the area by promoting public safety and economic development that is of public use and benefit.
(b) The commission shall impose an annual special assessment against each taxable parcel of real property that is within the watershed of the Little Calumet River and Burns Waterway in Lake County.
(c) The special assessment for each taxable parcel must be as follows:
(1) For a residential parcel of real property, forty-five dollars ($45).
(2) For an agricultural parcel of real property, ninety dollars ($90).
(3) For a commercial parcel of real property, one hundred eighty dollars ($180).
(4) For an industrial or public utility parcel of real property, three hundred sixty dollars ($360).
(d) The commission shall certify the list of assessments to the auditor of Lake County.
As added by P.L.106-2012, SEC.10.