Guaranteed tax base means the amount of equalized assessed valuation per eligible pupil guaranteed each school district by the state in the computation of state aid. To compute the guaranteed tax base, school districts shall be ranked annually from lowest to highest according to the amount of equalized assessed valuation per pupil. The guaranteed tax base shall be based upon the amount of equalized assessed valuation per pupil of the school district in which the ninety-fifth percentile of the state aggregate number of pupils falls during the third preceding year and shall be equal to the state average equalized assessed valuation per eligible pupil for the third preceding year times two and one hundred and sixty-seven thousandths. The average equalized assessed valuation per pupil shall be the quotient of the total equalized assessed valuation of the state divided by the number of eligible pupils;

Guaranteed tax base means the amount of equalized assessed valuation per

Examples of Guaranteed tax base in a sentence

Guaranteed tax base programs focus on guaranteeing a designated level of assessed valuation per pupil.
Guaranteed tax base aid paid to schools will be $100.692 million in FY 2004 and $99.20 million in FY 2005 for a $22.3 million state general fund increase in the biennium from the entitlement increases and $4.8 million increase from the stop loss of 92% if the previous year’s ANB in assumption 6.
Guaranteed tax base aid paid to schools will be $99.15 million in FY 2004 and $99.32 million in FY 2005 for a $19.33 million state general fund increase in the biennium from the entitlement increases and $1.5 million increase from the special education increase in assumption 24.
Guaranteed tax base or district power equalizing formulas are in- tended to equalize the tax rates necessary to pro- vide any given level of per pupil spending.

More Definitions of Guaranteed tax base

Guaranteed tax base means the amount of equalized assessed valuation per eligible pupil guaranteed each school district by the state in the computation of state aid. To compute the guaranteed tax base, school districts shall be ranked annually from lowest to highest according to the amount of equalized assessed valuation per pupil. During the 1977-78 school years, the guaranteed tax base shall be the amount of equalized assessed valuation per pupil of the school district in which the [ninety-fifth] eighty-fifth percentile of the state aggregate number of pupils falls during the preceding year. During the 1978-79 school year and each year thereafter through 1982-83, the percentile level used to determine the amount of the guaranteed tax base shall be increased on percentile; thereafter the percentile level used in the determination of the guaranteed tax base shall be ninety;

Indemnified Taxes means Taxes other than Excluded Taxes.
Qualified taxpayer means a person that either owns the resource to be rehabilitated or has a long-term lease agreement with the owner of the historic resource and that has qualified expenditures for the rehabilitation of the historic resource equal to or greater than 10% of the state equalized valuation of the property. If the historic resource to be rehabilitated is a portion of an historic or nonhistoric resource, the state equalized valuation of only that portion of the property shall be used for purposes of this subdivision. If the assessor for the local tax collecting unit in which the historic resource is located determines the state equalized valuation of that portion, that assessor's determination shall be used for purposes of this subdivision. If the assessor does not determine that state equalized valuation of that portion, qualified expenditures, for purposes of this subdivision, shall be equal to or greater than 5% of the appraised value as determined by a certified appraiser. If the historic resource to be rehabilitated does not have a state equalized valuation, qualified expenditures for purposes of this subdivision shall be equal to or greater than 5% of the appraised value of the resource as determined by a certified appraiser.