Indiana Administrative Code
Title 50 - DEPARTMENT OF LOCAL GOVERNMENT FINANCE
Article 30 - MARKET SEGMENTATION OF REAL PROPERTY IMPROVEMENTS
Rule 3 - Market Segmentation
Section 3-1 - Purpose and conduct of market segmentation
Universal Citation: 50 IN Admin Code 3-1
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. 1.
(a) Per IC 6-1.1-31-6(d), a market segmentation analysis may be used as evidence refuting or supporting the purported comparability of a sale or appropriateness of a valuation approach in an opinion of true tax value.
(b) A market segmentation analysis must conform to generally accepted appraisal principles.
(c) No specific form or procedure is required for a market segmentation analysis.
(d) It is not required for a market segmentation analysis to:
(1) accompany a
valuation utilizing the sales comparison approach; or
(2) be separate or distinct from an appraisal
report.
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