Sec. 4. In order to compute the assessment ratio for a school corporation, the department of local government finance shall first make a random sampling of the assessed values and true tax values of the following classes of real and personal property:
(1) Residential.
(2) Farm.
(3) Commercial.
(4) Industrial.
[Pre-1975 Property Tax Recodification Citations: 6-1-66-3 part; 6-1-66-4 part.]
Formerly: Acts 1975, P.L.47, SEC.1. As amended by P.L.24-1986, SEC.29; P.L.90-2002, SEC.240.
Structure Indiana Code
Chapter 34. Determination of School Assessment Ratios and Adjustment Factors
6-1.1-34-2. Computation of School Corporation Assessment Ratio
6-1.1-34-4. Random Samplings of Assessed Values and True Tax Values
6-1.1-34-5. Weighing Classes of Property Within School District
6-1.1-34-6. Notice of New Assessment Ratio
6-1.1-34-8. State Funds; Distribution Formula
6-1.1-34-9. Department of Local Government Finance; Powers and Duties
6-1.1-34-10. Withholding Access to Official Records