CHAPTER 1. TAXABLE PROPERTY

IC 20-44
    ARTICLE 44. PROPERTY TAX LEVIES; GENERALPROVISIONS

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 aschool corporation;
        (2) estimating the probable amount of tax revenue that theschool corporation will collect on taxable property within theschool corporation's jurisdiction for and during the year forwhich the budget is formulated and for which appropriationswill 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 thepast three (3) years not exceeding one hundred per cent (100%);and
        (2) estimate the probable amount of tax revenue by the use ofthe 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 inIC 6-1.1-1-3(b).
As added by P.L.2-2006, SEC.167.