Section 50IAC27-10-1. Provision of information to the department

   (a) If the median ratio or COD calculated for the county and each township in any property classification specified in 50 IAC 27-4-1.5 [sic], as verified by the department, falls outside the requirements of 50 IAC 27-4-1.4 [sic], the county assessor shall apply an adjustment factor to bring the median ratio and COD into compliance.

  (b) If the county assessor believes that reasons exist why no factor, or a factor other than that required to bring the median ratio to one (1.0), should be applied in a particular township, the county assessor shall immediately:

(1) notify the commissioner in writing of those reasons; and

(2) request permission to take:

(A) action other than that mandated in subsection (a); or

(B) no action.

  (c) The commissioner shall act on the request within thirty (30) days of receiving the request. In response to a county assessor's request for permission to take action other than that mandated in subsection (a), the commissioner may:

(1) require the county assessor to take the action mandated in subsection (a);

(2) permit the action requested by the county assessor; or

(3) require the county assessor to take other action short of that required in subsection (a).

(Department of Local Government Finance; 50 IAC 27-10-1; filed Apr 8, 2010, 1:45 p.m.: 20100505-IR-050090502FRA)