Indiana Administrative Code
Title 50 - DEPARTMENT OF LOCAL GOVERNMENT FINANCE
Article 30 - MARKET SEGMENTATION OF REAL PROPERTY IMPROVEMENTS
Rule 2 - Definitions
Section 2-6 - "Market area" defined
Universal Citation: 50 IN Admin Code 2-6
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. 6.
"Market area" means the geographic or locational delineation of the market for a specific category of real property; i.e., the area in which alternative, similar properties effectively compete with the subject property in the minds of probable likely purchasers and users.
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