Indiana Administrative Code
Title 50 - DEPARTMENT OF LOCAL GOVERNMENT FINANCE
Article 30 - MARKET SEGMENTATION OF REAL PROPERTY IMPROVEMENTS
Rule 2 - Definitions
Section 2-5 - "Market" defined
Universal Citation: 50 IN Admin Code 2-5
Current through March 20, 2024
Authority: IC 6-1.1-31-1; IC 6-1.1-31-6
Affected: IC 6-1.1-31-6
Sec. 5.
"Market" means an aggregation of likely actual or potential sellers and buyers facilitating the exchange of real property. A market for a property is not necessarily limited to a particular geographic area or taxing jurisdiction and can be local, regional, national, or international.
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