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.
‹ Prev All Indiana sections Next ›
Lexace provides legal information, not legal advice, and no attorney–client relationship is created. Statute text is provided for general information and may not reflect the most recent amendments; verify against the official state code.