of the numerical rank of a school district's personal income
valuation per average daily membership, the numerical rank of
its market value or income aid ratio, the numerical rank of its
equalized millage and the numerical rank of its school tax
ratio, divided by 1,000.
"Public School Code." The act of March 10, 1949 (P.L.30,
No.14), known as the Public School Code of 1949.
"Residential property tax." The dollar value of real
property taxes paid by residential property owners in a school
district, determined by multiplying the real property taxes
collected by the school district by the percentage of the total
property value in the school district classified as residential
by the State Tax Equalization Board and including any property
tax reduction allocation under Chapter 5 of the Taxpayer Relief
Act.
"Secretary." The Secretary of the Budget.
"School district." A school district of the first class,
first class A, second class, third class or fourth class.
"School tax ratio." The dollar value of local taxes
collected by the school district or by a city of the first class
for a school district of the first class divided by the personal
income valuation of the school district.
"Taxpayer Relief Act." The act of June 27, 2006 (1st
Sp.Sess., P.L.1873, No.1), known as the Taxpayer Relief Act.
"The Local Tax Enabling Act." The act of December 31, 1965
(P.L.1257, No.511), known as The Local Tax Enabling Act.
CHAPTER 3
SCHOOL PROPERTY TAX REDUCTIONS
Section 301. Distributions to school districts.
(a) General rule.--The Secretary of Education shall make
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