Indiana § 6-1.1-34-8 State funds; distribution formula

Indiana Statutes

§ 6-1.1-34-8 — State funds; distribution formula

Indiana § 6-1.1-34-8

Art. 1.1PROPERTY TAXES

Ch. 34Determination of School Assessment Ratios and

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Bluebook

Ind. Code § 6-1.1-34-8 (2026).

Text

For purposes of computing the amount of state
funds to be distributed to a school corporation under a formula in
which adjusted assessed valuation is a factor, the school corporation's
adjusted assessed valuation, except as otherwise specifically provided
by law, equals the product of (1) the assessed valuation of the property
within the school district, multiplied by (2) the school corporation's
current adjustment factor.
[Pre-1975 Property Tax Recodification Citation:
6-1-66-5.]
Formerly: Acts 1975, P.L.47, SEC.1.

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For purposes of computing the amount of state
funds to be distributed to a school corporation under a formula in
which adjusted assessed valuation is a factor, the school corporation's
adjusted assessed valuation, except as otherwise specifically provided
by law, equals the product of (1) the assessed valuation of the property
within the school district, multiplied by (2) the school corporation's
current adjustment factor.
[Pre-1975 Property Tax Recodification Citation:
6-1-66-5.]
Formerly: Acts 1975, P.L.47, SEC.1.