Section 50IAC27-4-3. Applicability of ratio studies

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   (a) County assessors and the department use ratio studies as a primary mass appraisal testing procedure and the most important performance analysis tool.

  (b) The ratio study assists the county in providing fair and equitable assessment of all property.

  (c) The ratio study is used to measure and evaluate the level and uniformity of mass appraisal models, determine time trends, and to adjust assessed values between general reassessments. (Department of Local Government Finance; 50 IAC 27-4-3; filed Apr 8, 2010, 1:45 p.m.: 20100505-IR-050090502FRA)

                    
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