There is a newer version
of
this Section
2022 Indiana Code
Title 6. Taxation
Article 1.1. Property Taxes
Chapter 34. Determination of School Assessment Ratios and Adjustment Factors
6-1.1-34-5. Weighing Classes of Property Within School District
Universal Citation: IN Code § 6-1.1-34-5 (2022)
Sec. 5. When computing the assessment ratio for a school corporation, the department of local government finance shall weight the ratio to reflect the relative importance of each class of property within the school district. Before calculating a school corporation's assessment ratio, the department of local government finance shall discuss the weight to be given to each class of property with:
(1) residents of the school district; and
(2) elected officials or other individuals who are familiar with the economic base of the school district.
[Pre-1975 Property Tax Recodification Citation: 6-1-66-4 part.]
Formerly: Acts 1975, P.L.47, SEC.1. As amended by P.L.90-2002, SEC.241.
Disclaimer: These codes may not be the most recent version. Indiana may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google
Privacy Policy and
Terms of Service apply.
