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

Indiana Statutes

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

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

(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.]

Free access — add to your briefcase to read the full text and ask questions with AI

(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.]

Indiana § 20-44-1-1 (Determination; taxable property) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.