50 Ind. Admin. Code 26-7-8

Current through December 12, 2024

Section 50 IAC 26-7-8 - Calculation of property tax rates

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

Affected: IC 6-1.1-31.5

Sec. 8.

(a) Tax and billing software must:

(1) be able to accept data entry of an individual taxing unit fund rate; and

(2) overwrite data entered fund rates with those provided by the department through the integration requirement under 50 IAC 26-11-2 if the two (2) rates differ and use the resulting set of rates for tax calculation.

(b) Tax and billing software must be able to do the following:

(1) Link a taxing unit's funds to the appropriate taxing district.

(2) Aggregate individual:

(A) taxing unit fund rates for any given taxing unit; and

(B) fund rates for any given taxing district.

50 IAC 26-7-8

Department of Local Government Finance; 50 IAC 26-7-8; filed Jan 28, 2011, 3:07 p.m.: 20110223-IR-050100165FRA

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