Indiana Administrative Code (Last Updated: December 20, 2016) |
Title 50. DEPARTMENT OF LOCAL GOVERNMENT FINANCE |
Article 50IAC27. ANNUAL ADJUSTMENTS AND EQUALIZATION STANDARDS |
Rule 50IAC27-9. Transfer of Data to the Department of Local Government Finance |
Section 50IAC27-9-3. Transfer of statistical data
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(a) County assessors shall forward to the division of data analysis electronic spreadsheets that contain all data used to calculate a COD and median ratio for the county and each township. The data the county assessor provides must, at a minimum, include the following information for each property used to calculate the coefficient of dispersion and median ratio:
(1) Parcel number.
(2) Assessed value of land.
(3) Assessed value of improvement.
(4) Date of sale.
(5) Sale price.
(6) Township.
(7) School corporation.
(8) County taxing district number.
(9) Department taxing district number.
(10) Condition rating.
(11) Grade.
(12) Neighborhood code.
(13) Property class code.
(b) The division will review and verify the accuracy of the computations. If errors are found in the computations, the division will notify the county assessor, who shall correct all errors. Once all errors are corrected, the county assessor shall forward the corrected computations to the division for verification. When this verification is complete, the division will notify the county assessor. (Department of Local Government Finance; 50 IAC 27-9-3; filed Apr 8, 2010, 1:45 p.m.: 20100505-IR-050090502FRA)