§ 20-44-1-1 — Determination; taxable property

Indiana § 20-44-1-1

• Jurisdiction: Indiana
• Title 20: EDUCATION
• Art. 44: PROPERTY TAX LEVIES; GENERAL
• Ch. 1: Taxable Property

Text

(a) This section applies in:
(1) the formulation of a budget by the proper legal officers of a
school corporation;
(2) estimating the probable amount of tax revenue that the school
corporation will collect on taxable property within the school
corporation's jurisdiction for and during the year for which the
budget is formulated and for which appropriations will be made;
and
(3) calculating the tax levy to be made for the ensuing year.
(b) The officers shall:
(1) consider the average percentage of actual tax collections,
including delinquencies, from the taxable property during the past
three (3) years not exceeding one hundred per cent (100%); and
(2) estimate the probable amount of tax revenue by the use of the
average percentage.
[Pre-2006 Recodification Citation: 21-4-22-1.]

Legislative History

As added by P.L.2-2006, SEC.167.