50 Ind. Admin. Code 27-4-2
Current through May 29, 2024
Authority: IC 6-1.1-4-4.5; IC 6-1.1-31-1; IC 6-1.1-31-12
Affected: IC 6-1.1-4-4.5
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