[Code of Federal Regulations]

[Title 34, Volume 1]

[Revised as of July 1, 2006]

From the U.S. Government Printing Office via GPO Access

[CITE: 34CFR222.67]



[Page 527]

 

                           TITLE 34--EDUCATION

 

                  CHAPTER II--OFFICE OF ELEMENTARY AND

              SECONDARY EDUCATION, DEPARTMENT OF EDUCATION

 

PART 222_IMPACT AID PROGRAMS--Table of Contents

 

 Subpart E_Additional Assistance for Heavily Impacted Local Educational 

                Agencies Under Section 8003(f) of the Act

 

Sec.  222.67  What tax rates does the Secretary use if real property 

is assessed at different percentages of true value?



    If the real property of an LEA and its generally comparable LEAs 

consists of one classification of property but the property is assessed 

at different percentages of true value in the different LEAs, the 

Secretary determines whether the LEA is making a reasonable tax effort 

under Sec.  222.66(c)(1) or (d)(1) by using tax rates computed by--

    (a) Multiplying the LEA's actual tax rate for real property by the 

percentage of true value assigned to that property for tax purposes; and

    (b) Performing the computation in paragraph (a) of this section for 

each of its generally comparable LEAs and determining the average of 

those computed tax rates.



(Approved by the Office of Management and Budget under control number 

1810-0036)



(Authority: 20 U.S.C. 7703(f))