50 Ind. Admin. Code 26-6-11

Current through November 6, 2024

Section 50 IAC 26-6-11 - Statistical calculations for equalization and annual adjustments

Authority: 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.

50 IAC 26-6-11

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-050120546ACA

Filed 11/2/2020, 8:59 a.m.: 20201202-IR-050190635FRA