Sec. 1. In the year after a reassessment cycle of real property under a county’s reassessment plan prepared under IC 6-1.1-4-4.2 is completed the department of local government finance shall compute a new assessment ratio for each school corporation located in a county in which a supplemental county levy is imposed under IC 20-45-7 or […]
Sec. 10. If a state or local official or employee does not give the department of local government finance access to official records which the department has asked to examine under section 9(2) of this chapter, the official’s or employee’s action is evidence of misconduct in the office or position which the official or employee […]
Sec. 11. Information which the department of local government finance has obtained from the federal government or a public agency under section 9(3) of this chapter is subject to the provider’s rules and regulations, if any, which concern the confidential nature of the information. In addition, the information compiled by the department under this chapter […]
[Pre-1975 Property Tax Recodification Citation: 6-1-66-1.] Formerly: Acts 1975, P.L.47, SEC.1. Repealed by P.L.198-2001, SEC.122.
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 […]
[Pre-1975 Property Tax Recodification Citation: 6-1-66-4 part.] Formerly: Acts 1975, P.L.47, SEC.1. As amended by P.L.24-1986, SEC.28; P.L.90-2002, SEC.239. Repealed by P.L.182-2009(ss), SEC.463.
Sec. 4. In order to compute the assessment ratio for a school corporation, the department of local government finance shall first make a random sampling of the assessed values and true tax values of the following classes of real and personal property: (1) Residential. (2) Farm. (3) Commercial. (4) Industrial. [Pre-1975 Property Tax Recodification Citations: […]
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 […]
Sec. 6. (a) After the department of local government finance calculates a new assessment ratio for a school corporation and before publishing the new ratio, the department shall send a notice of the new assessment ratio to the county auditor, the county assessor, and the governing body of the school corporation. The department of local […]
Sec. 7. (a) Each year in which the department of local government finance computes a new assessment ratio for a school corporation, the department shall also compute a new adjustment factor for the school corporation. If the school corporation’s assessment ratio for a year is more than ninety-nine percent (99%) but less than one hundred […]
Sec. 8. 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 […]
Sec. 9. In order to perform the duties assigned to it under this chapter, the department of local government finance: (1) shall conduct continuing studies of all property which is subject to assessment in this state; (2) may request access to all local and state official records; (3) may secure information from the federal government […]
