Sec. 3. In the preparation of rules, regulations, property tax forms, and property tax returns, the department of local government finance may consider:
(1) data compiled by the federal government;
(2) data compiled by this state and its taxing authorities;
(3) data compiled and studies made by a state college or university;
(4) generally accepted practices of appraisers, including generally accepted property assessment valuation and mass appraisal principles and practices;
(5) generally accepted indices of construction costs;
(6) for assessment dates after February 28, 2001, generally accepted indices of income accruing from real property;
(7) sales data compiled for generally comparable properties; and
(8) any other information which is available to the department of local government finance.
[Pre-1975 Property Tax Recodification Citation: 6-1-33-6 part.]
Formerly: Acts 1975, P.L.47, SEC.1. As amended by P.L.6-1997, SEC.102; P.L.90-2002, SEC.219; P.L.1-2004, SEC.38 and P.L.23-2004, SEC.41.
Structure Indiana Code
Chapter 31. Department of Local Government Finance─adoption of Rules, Forms, and Returns
6-1.1-31-1. Duties of Department; Rules
6-1.1-31-4. Copies of Promulgations
6-1.1-31-5. True Tax Value; Factors Considered by Assessing Officials
6-1.1-31-7. Assessment of Personal Property; Classification
6-1.1-31-8. Exchange of Information With Other States or United States
6-1.1-31-9. Reassessment; Adoption of Rules
6-1.1-31-11.5. Rules Governing Practice of Representatives in Proceedings
6-1.1-31-12. Rules Governing Reduction and Increase of Assessed Valuations