389. The real estate tax base of a regional school board is equal to the aggregate standardized assessments of the immovables which are taxable by the regional school board and the member school boards, multiplied by the ratio between the number of students enrolled in the schools that are under the jurisdiction of the regional school board on 30 September of the preceding school year and the total number of students enrolled on the same date in the schools that are under the jurisdiction of the regional school board and of the member school boards.
The real estate tax base of a school board forming part of the regional school board is then equal to the aggregate standardized assessments of taxable immovables in its territory, multiplied by the difference between one and the proportion determined in the first paragraph.
1988, c. 84, s. 389; 1990, c. 28, s. 8.