50 Ind. Admin. Code 27-4-2

Current through December 4, 2024

Section 50 IAC 27-4-2 - Equation

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

Affected: IC 6-1.1-4-4.5

Sec. 2.

Assessed values are the numerators in the ratios used in a ratio study. Sale price, as an indicator of market value-in-use, is the denominator in the calculation of the ratio.

Assessed Value ÷ Sales Price = Sales Ratio

50 IAC 27-4-2

Department of Local Government Finance; 50 IAC 27-4-2; filed Apr 8, 2010, 1:45 p.m.: 20100505-IR-050090502FRA

Filed 11/2/2020, 9:34 a.m.: 20201202-IR-050190636FRA