Computation of school corporation assessment ratio
Sec. 2. A school corporation's assessment ratio for a particular
year equals:
(1) the total assessed valuation of the property within the school
district; divided by
(2) the total true tax value which the department of local
government finance determines would result if the property
within the school district were valued in the manner provided
by law.
(Formerly: Acts 1975, P.L.47, SEC.1.) As amended by P.L.24-1986,
SEC.27; P.L.90-2002, SEC.238.
Last modified: May 28, 2006