Statutes, codes, and regulations
Indiana Administrative Code
Title 50 - DEPARTMENT OF LOCAL GOVERNMENT FINANCEArticle 27 - ANNUAL ADJUSTMENTS AND EQUALIZATION STANDARDS
Rule 50 IAC 27-4 - Ratio Studies and Sales Verification
Section 50 IAC 27-4-3 - Applicability of ratio studies

50 Ind. Admin. Code 27-4-3

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Current through December 12, 2024
Section 50 IAC 27-4-3 - Applicability of ratio studies

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

Affected: IC 6-1.1-4-4.6; IC 6-1.1-14-12; IC 6-1.1-33.5-6

Sec. 3.

(a) County assessors and the department use ratio studies as a primary mass appraisal testing procedure and a performance analysis tool.
(b) The ratio study assists the county in providing fair and equitable assessment of all property.
(c) The ratio study is used to measure and evaluate the level and uniformity of mass appraisal models, determine time trends, and to adjust assessed values between general reassessments.

50 IAC 27-4-3

Department of Local Government Finance; 50 IAC 27-4-3; filed Apr 8, 2010, 1:45 p.m.: 20100505-IR-050090502FRA
Filed 11/2/2020, 9:34 a.m.: 20201202-IR-050190636FRA