Section 50IAC26-7-8. Calculation of property tax rates

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(a) Tax and billing software must:

(1) be able to accept data entry of an individual taxing unit fund rate; and

(2) overwrite data entered fund rates with those provided by the department through the integration requirement under 50 IAC 26-11-2 if the two (2) rates differ and use the resulting set of rates for tax calculation.

(b) Tax and billing software must be able to do the following:

(1) Link a taxing unit's funds to the appropriate taxing district.

(2) Aggregate individual:

(A) taxing unit fund rates for any given taxing unit; and

(B) fund rates for any given taxing district.

(Department of Local Government Finance; 50 IAC 26-7-8; filed Jan 28, 2011, 3:07 p.m.: 20110223-IR-050100165FRA)

                    
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