Indiana § 20-45-7-18 - Calculation; tax rate
Full text of Indiana Indiana Code § 20-45-7-18 — Calculation; tax rate, with citation guidance and answers to common questions.
§ 20-45-7-18. Calculation; tax rate
Sec. 18. The county council shall set a rate for the tax that will produce the total amount of the entitlements of the qualified school corporations for the next calendar year. However, the amount of the tax levy may not be greater than the amount determined under STEP TWO of the following formula:
STEP ONE: Determine the total dollar amount of that tax levy for 1972, payable in calendar year 1973, assuming one hundred percent (100%) tax collection.
STEP TWO: Multiply the STEP ONE amount by the ADA ratio.
[Pre-2006 Recodification Citation: 21-2-12-4.1(a) part.]
As added by P.L.2-2006, SEC.168.
Source: official Indiana text · Last verified 2026-08-27
Frequently Asked Questions About Indiana § 20-45-7-18
What does Indiana Code § 20-45-7-18 cover?
Section 20-45-7-18 ("Calculation; tax rate") is part of the Indiana Code, the codified statutory law of Indiana. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Indiana § 20-45-7-18?
A common citation format is "Indiana Code § 20-45-7-18" (Indiana). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Indiana law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Indiana official source linked on this page or consult a licensed Indiana attorney.
How does Indiana § 20-45-7-18 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Indiana can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Indiana.