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.
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