- See also: School bond and tax elections in Indiana
In Indiana, a ballot measure is required for school districts to exceed the property tax revenue limit, to issue new bonding for new construction or capital improvements, or to issue new property taxes to pay the mandatory excess property tax credit. This is done through exceeding the referendum tax levy. Indiana sets strict time frames on elections in which six months must elapse at minimum when a school board approves a resolution calling an election to election day. Indiana requires school districts to wait exactly one year if a referendum is defeated before re-starting the process of issuing a ballot question to the district's voters. Also, Indiana sets maximum caps on bonding for capital improvement projects and new construction by putting bonding into three classes. This prevents voters from dealing with the prospect of high priced bond referendums which are common in neighboring states. Indiana also issues excess property tax credits to taxpayers if a school district's property tax revenue exceeds a set threshold depending on property class.