50 Ind. Admin. Code 26-2-34

Current through December 12, 2024

Section 50 IAC 26-2-34 - "Property tax management system" defined

Authority: IC 6-1.1-31-1; IC 6-1.1-31.5-3.5

Affected: IC 6-1.1-31.5

Sec. 34.

"Property tax management system" means all data and software functions necessary to the assessment, tax, and billing of all property for a taxing district or county and to produce all necessary reports. For each item of property, these functions include the following as applicable:

(1) Data entry and ongoing data maintenance.

(2) Data storage and retrieval.

(3) Database management.

(4) Computation of values.

(5) Computation of taxes charged.

(6) Collection, distribution, and settlement of taxes.

(7) Sketch maintenance.

(8) Photograph maintenance.

(9) Error checking.

(10) Internal controls.

(11) Data editing.

(12) Reporting.

(13) Electronic transfer of data.

(14) Export all or a portion of the data in an industry standard, vendor independent format.

50 IAC 26-2-34

Department of Local Government Finance; 50 IAC 26-2-34; filed Jan 28, 2011, 3:07 p.m.: 20110223-IR-050100165FRA

Readopted filed 10/4/2024, 4:04 p.m.: 20241030-IR-050230833RFA