Indiana Administrative Code
Title 50 - DEPARTMENT OF LOCAL GOVERNMENT FINANCE
Article 26 - COMPUTER STANDARDS FOR A UNIFORM AND COMMON PROPERTY TAX MANAGEMENT SYSTEM
Rule 6 - Property Assessment Calculation Standards
Section 6-11 - Statistical calculations for equalization and annual adjustments
Universal Citation: 50 IN Admin Code 6-11
Current through December 25, 2024
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.
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