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Indiana Code — Title 6 (Taxation)

IC 6-1.1-34-5

Weighing classes of property within school district

Official textiga.in.govlast amended

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.

Amendment history

Formerly: Acts 1975, P.L.47, SEC.1. As amended by P.L.90-2002, SEC.241.

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Nearby sections (25 sections)
  1. 6-1.1-33.5-2 · Electronic data base; software; data analysis; studies;…
  2. 6-1.1-33.5-3 · Duties
  3. 6-1.1-33.5-4 · Powers
  4. 6-1.1-33.5-5 · Confidentiality of information
  5. 6-1.1-33.5-6 · Review; special reassessments
  6. 6-1.1-33.5-7 · Expenditure reports by political subdivision; per capita
  7. 6-1.1-33.5-8 · Administration of data base by contractor
  8. 6-1.1-33.5-9 · Repealed
  9. 6-1.1-34-1 · Department of local government finance computation of new
  10. 6-1.1-34-2 · Computation of school corporation assessment ratio
  11. 6-1.1-34-3 · Repealed
  12. 6-1.1-34-4 · Random samplings of assessed values and true tax values
  13. 6-1.1-34-5 · Weighing classes of property within school district
  14. 6-1.1-34-6 · Notice of new assessment ratio
  15. 6-1.1-34-7 · Department of local government finance computation of new
  16. 6-1.1-34-8 · State funds; distribution formula
  17. 6-1.1-34-9 · Department of local government finance; powers and duties
  18. 6-1.1-34-10 · Withholding access to official records
  19. 6-1.1-34-11 · Confidential information
  20. 6-1.1-34-12 · Repealed
  21. 6-1.1-35-1 · Duties of department of local government finance
  22. 6-1.1-35-1.1 · Repealed
  23. 6-1.1-35-2 · Visit or virtual meeting with county by department of local
  24. 6-1.1-35-3 · Instructional sessions; lodging, subsistence, and mileage
  25. 6-1.1-35-4 · Township assessors; instructional meetings
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