Ind. Code § 6-1.1-34-5

Current through P.L. 171-2024

Section 6-1.1-34-5 - Weighing classes of property within school district

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.

IC 6-1.1-34-5

Pre-1975 Property Tax Recodification Citation: 6-1-66-4 part.

(Formerly: Acts1975 , P.L. 47, SEC.1.) As amended by P.L. 90-2002, SEC.241.