50 Ind. Admin. Code 27-2-6

Current through November 6, 2024

Section 50 IAC 27-2-6 - "Direct equalization" defined

Authority: IC 6-1.1-31-1; IC 6-1.1-31-12; IC 6-1.1-4-4.5

Affected: IC 6-1.1-4-4.5

Sec. 6.

"Direct equalization" means the process of converting the ratio study results into adjustment factors and changing locally determined assessed values to more nearly reflect market value-in-use or the legally required level of assessment.

50 IAC 27-2-6

Department of Local Government Finance; 50 IAC 27-2-6; filed Apr 8, 2010, 1:45 p.m.: 20100505-IR-050090502FRA

Filed 11/2/2020, 9:34 a.m.: 20201202-IR-050190636FRA