Indiana Administrative Code
Title 50 - DEPARTMENT OF LOCAL GOVERNMENT FINANCE
Article 27 - ANNUAL ADJUSTMENTS AND EQUALIZATION STANDARDS
Rule 1 - Purpose and Applicability
Section 1-4 - Method

Universal Citation: 50 IN Admin Code 1-4

Current through September 18, 2024

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

Affected: IC 6-1.1-13; IC 6-1.1-14

Sec. 4.

County assessors and the department may use any method or combination of methods acceptable under the International Association of Assessing Officials (IAAO) Standards to perform the tasks mandated by this article. "IAAO standards" refers collectively to the:

(1) IAAO Standard on Ratio Studies (April 2013);

(2) IAAO Standard on Tax Policy (January 2010);

(3) IAAO Standard on Mass Appraisal of Real Property (July 2017); and

(4) IAAO Standard on Verification and Adjustment of Sales (November 2010); which are hereby incorporated by reference. The IAAO standards are available from the IAAO on its webpage: www.iaao.org. Unless otherwise indicated, the definitions in the glossary or definition sections of the IAAO standards apply to all such terms that are used in this article.

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