Current through October 23, 2024
Section 50 IAC 26-6-11 - Statistical calculations for equalization and annual adjustmentsAuthority: IC 6-1.1-31-1; IC 6-1.1-31.5-3.5
Affected: IC 6-1.1-31.5
Sec. 11.
Assessment software must be able to calculate the following:
(1) An assessment ratio according to the Real Property Assessment Manual requirements established under 50 IAC 2.4.(2) An assessment-assessment ratio in accordance with the IAAO Standard on Ratio Studies and 50 IAC 27.(3) For a group or groups of parcels defined by the user, the following: (A) A median assessment ratio.(B) The coefficient of dispersion.(C) The price related differential.Department of Local Government Finance; 50 IAC 26-6-11; filed Jan 28, 2011, 3:07 p.m.: 20110223-IR-050100165FRA; errata filed Sep 17, 2012, 3:42 p.m.: 20121003-IR-050120546ACAFiled 11/2/2020, 8:59 a.m.: 20201202-IR-050190635FRA