IC 6-1.1-34
    Chapter 34. Determination of School Assessment Ratios andAdjustment Factors

IC 6-1.1-34-1
Department of local government finance computation of newassessment ratios for certain school corporations; publication ofnew ratios
    Sec. 1. In the year after a general assessment of real propertybecomes effective, the department of local government finance shallcompute a new assessment ratio for each school corporation locatedin a county in which a supplemental county levy is imposed underIC 20-45-7 or IC 20-45-8. In all other years, the department shallcompute a new assessment ratio for such a school corporation if thedepartment finds that there has been sufficient reassessment oradjustment of one (1) or more classes of property in the schooldistrict. When the department of local government finance computesa new assessment ratio for a school corporation, the department shallpublish the new ratio.
(Formerly: Acts 1975, P.L.47, SEC.1.) As amended by P.L.90-2002,SEC.237; P.L.246-2005, SEC.68; P.L.182-2009(ss), SEC.170.

IC 6-1.1-34-2
Computation of school corporation assessment ratio
    Sec. 2. A school corporation's assessment ratio for a particularyear equals:
        (1) the total assessed valuation of the property within the schooldistrict; divided by
        (2) the total true tax value which the department of localgovernment finance determines would result if the propertywithin the school district were valued in the manner providedby law.
(Formerly: Acts 1975, P.L.47, SEC.1.) As amended by P.L.24-1986,SEC.27; P.L.90-2002, SEC.238.

IC 6-1.1-34-3
Repealed
    (Repealed by P.L.182-2009(ss), SEC.463.)

IC 6-1.1-34-4
Random samplings of assessed values and true tax values
    Sec. 4. In order to compute the assessment ratio for a schoolcorporation, the department of local government finance shall firstmake a random sampling of the assessed values and true tax valuesof the following classes of real and personal property:
        (1) Residential.
        (2) Farm.
        (3) Commercial.
        (4) Industrial.
(Formerly: Acts 1975, P.L.47, SEC.1.) As amended by P.L.24-1986,

SEC.29; P.L.90-2002, SEC.240.

IC 6-1.1-34-5
Weighing classes of property within school district
    Sec. 5. When computing the assessment ratio for a schoolcorporation, the department of local government finance shall weightthe ratio to reflect the relative importance of each class of propertywithin the school district. Before calculating a school corporation'sassessment ratio, the department of local government finance shalldiscuss 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 withthe economic base of the school district.
(Formerly: Acts 1975, P.L.47, SEC.1.) As amended by P.L.90-2002,SEC.241.

IC 6-1.1-34-6
Notice of new assessment ratio
    Sec. 6. (a) After the department of local government financecalculates a new assessment ratio for a school corporation and beforepublishing the new ratio, the department shall send a notice of thenew assessment ratio to the county auditor, the county assessor, andthe governing body of the school corporation. The department oflocal government finance shall send these notices before March 2 ofeach year in which the department calculates a new assessment ratiofor the school corporation.
    (b) Within thirty (30) days after notification of a new assessmentratio, the county auditor, the county assessor, or the governing bodyof the school corporation may:
        (1) examine and verify the data of the department of localgovernment finance; and
        (2) make suggestions concerning the values established by thedepartment.
    (c) Before April 15 of each year in which the department of localgovernment finance calculates a new assessment ratio for the schoolcorporation, the department shall publish the new assessment ratio.
(Formerly: Acts 1975, P.L.47, SEC.1.) As amended by P.L.273-1999,SEC.130; P.L.90-2002, SEC.242.

IC 6-1.1-34-7
Department of local government finance computation of newadjustment factors for school corporations; notice of new ratio;designated adjustment factor applies under certain circumstances
    Sec. 7. (a) Each year in which the department of local governmentfinance computes a new assessment ratio for a school corporation,the department shall also compute a new adjustment factor for theschool corporation. If the school corporation's assessment ratio fora year is more than ninety-nine percent (99%) but less than onehundred one percent (101%) of the state average assessment ratio forthat year, the school corporation's adjustment factor is the number

one (1). In all other cases, the school corporation's adjustment factorequals (1) the state average assessment ratio for a year, divided by(2) the school corporation's assessment ratio for that year. Thedepartment of local government finance shall notify the schoolcorporation of its new adjustment factor before March 2 of the yearin which the department calculates the new adjustment factor.
    (b) This subsection applies in a calendar year after which ageneral reassessment takes effect. If the department of localgovernment finance has not computed a new assessment ratio for aschool corporation, the school corporation's adjustment factor is thenumber one (1) until the department of local government financenotifies the school corporation of the school corporation's newadjustment factor.
(Formerly: Acts 1975, P.L.47, SEC.1.) As amended by P.L.273-1999,SEC.131; P.L.90-2002, SEC.243; P.L.224-2003, SEC.138;P.L.182-2009(ss), SEC.171.

IC 6-1.1-34-8
State funds; distribution formula
    Sec. 8. For purposes of computing the amount of state funds to bedistributed to a school corporation under a formula in which adjustedassessed valuation is a factor, the school corporation's adjustedassessed valuation, except as otherwise specifically provided by law,equals the product of (1) the assessed valuation of the propertywithin the school district, multiplied by (2) the school corporation'scurrent adjustment factor.
(Formerly: Acts 1975, P.L.47, SEC.1.)

IC 6-1.1-34-9
Department of local government finance; powers and duties
    Sec. 9. In order to perform the duties assigned to it under thischapter, the department of local government finance:
        (1) shall conduct continuing studies of all property which issubject to assessment in this state;
        (2) may request access to all local and state official records;
        (3) may secure information from the federal government orfrom public or private agencies;
        (4) may inspect a person's books, records, or property if theitem is relevant to information which the department needs inorder to implement this chapter; and
        (5) may adopt appropriate forms and procedures.
(Formerly: Acts 1975, P.L.47, SEC.1.) As amended by P.L.90-2002,SEC.244.

IC 6-1.1-34-10
Withholding access to official records
    Sec. 10. If a state or local official or employee does not give thedepartment of local government finance access to official recordswhich the department has asked to examine under section 9(2) of thischapter, the official's or employee's action is evidence of misconduct

in the office or position which the official or employee holds.
(Formerly: Acts 1975, P.L.47, SEC.1.) As amended by P.L.90-2002,SEC.245.

IC 6-1.1-34-11
Confidential information
    Sec. 11. Information which the department of local governmentfinance has obtained from the federal government or a public agencyunder section 9(3) of this chapter is subject to the provider's rulesand regulations, if any, which concern the confidential nature of theinformation. In addition, the information compiled by the departmentunder this chapter is confidential until publication of the assessmentratio and then loses its confidential character only to the extent thatit is used in determining the ratio.
(Formerly: Acts 1975, P.L.47, SEC.1.) As amended by P.L.90-2002,SEC.246.

IC 6-1.1-34-12
Repealed
    (Repealed by P.L.198-2001, SEC.122.)