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

Indiana Statutes

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

Indiana § 6-1.1-34-5

Art. 1.1PROPERTY TAXES

Ch. 34Determination of School Assessment Ratios and

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Bluebook

Ind. Code § 6-1.1-34-5 (2026).

Text

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.

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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.