Indiana Code 20-45-7-5. “Assessed valuation”
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Terms Used In Indiana Code 20-45-7-5
- 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.
- qualified school corporation: means any school corporation that has under its jurisdiction any territory located in the qualified county. See Indiana Code 20-45-7-14
Sec. 5. As used in this chapter, “assessed valuation” of any qualified school corporation means the net assessed value of its real and taxable personal property adjusted by a percentage factor. For each qualified school corporation, this factor shall be the most recent adjustment factor computed by the department of local government finance under IC 6-1.1-34.
[Pre-2006 Recodification Citation: 21-2-12-3(g).]
As added by P.L.2-2006, SEC.168.