Weighing classes of property within school district
Sec. 5. 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.
(Formerly: Acts 1975, P.L.47, SEC.1.) As amended by P.L.90-2002,
SEC.241.
Last modified: May 28, 2006