Indiana Code 6-1.1-34-4. Random samplings of assessed values and true tax values
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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:
(2) Farm.
(1) Residential.
Terms Used In Indiana Code 6-1.1-34-4
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Property: includes personal and real property. See Indiana Code 1-1-4-5
(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.