CHAPTER 1. TAXABLE PROPERTY
IC 20-44
ARTICLE 44. PROPERTY TAX LEVIES; GENERAL
PROVISIONS
IC 20-44-1
Chapter 1. Taxable Property
IC 20-44-1-1
Determination; taxable property
Sec. 1. (a) This section applies in:
(1) the formulation of a budget by the proper legal officers of a
school corporation;
(2) estimating the probable amount of tax revenue that the
school corporation will collect on taxable property within the
school corporation's jurisdiction for and during the year for
which the budget is formulated and for which appropriations
will be made; and
(3) calculating the tax levy to be made for the ensuing year.
(b) The officers shall:
(1) consider the average percentage of actual tax collections,
including delinquencies, from the taxable property during the
past three (3) years not exceeding one hundred per cent (100%);
and
(2) estimate the probable amount of tax revenue by the use of
the average percentage.
As added by P.L.2-2006, SEC.167.
IC 20-44-1-2
Exclusion; property; bankrupt taxpayer
Sec. 2. IC 6-1.1-1-3(b) applies to funds and levies described in
IC 6-1.1-1-3(b).
As added by P.L.2-2006, SEC.167.