§ 20-45-8-3 — "Assessed valuation"

Indiana § 20-45-8-3

• Jurisdiction: Indiana
• Title 20: EDUCATION
• Art. 45: GENERAL FUND LEVIES
• Ch. 8: Supplemental County Levy; Dearborn County

Text

As used in this chapter, "assessed valuation"
of any qualified school corporation means the net assessed value of its
real and taxable personal property adjusted by a percentage factor. This
factor shall be computed by the department of local government
finance on a townshipwide basis for each township in the qualified
county and areas assigned to the qualified county for school purposes
in the same manner that the department of local government finance
computes a factor for the various counties of the state under IC 6-1.1-34. In determining the assessed valuation of any qualified school
corporation, the factor for any township shall be applied to the assessed
valuation of the real and taxable personal property of each qualified
school corporation lying within the township and school areas attached
to the township.
[Pre-2006 Recodification Citation: 21-2-13-3(g).]

Legislative History

As added by P.L.2-2006, SEC.168.