Indiana Code 6-1.1-34-2. Computation of school corporation assessment ratio
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Sec. 2. A school corporation‘s assessment ratio for a particular year equals:
(2) the total true tax value which the department of local government finance determines would result if the property within the school district were valued in the manner provided by law.
(1) the total assessed valuation of the property within the school district; divided by
Terms Used In Indiana Code 6-1.1-34-2
- 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
- Year: means a calendar year, unless otherwise expressed. See Indiana Code 1-1-4-5
[Pre-1975 Property Tax Recodification Citations: 6-1-66-2 part; 6-1-66-4 part.]
Formerly: Acts 1975, P.L.47, SEC.1. As amended by P.L.24-1986, SEC.27; P.L.90-2002, SEC.238.