Computation of state average assessment ratio
Sec. 3. The state average assessment ratio for a particular year
equals:
(1) the sum of the assessed valuations of the property within all
the school corporations of this state; divided by
(2) the sum of the true tax values which the department of local
government finance determines would result if the property
within all the school corporations of this state were valued in
the manner provided by law.
(Formerly: Acts 1975, P.L.47, SEC.1.) As amended by P.L.24-1986,
SEC.28; P.L.90-2002, SEC.239.
Last modified: May 28, 2006