50 IAC 27-4-2
50 IAC 27-4-2 Equation
Cite as Ind. Admin. Code tit. 50, r. 27-4-2
Sec. 2. Assessed values are the numerators in the ratios used in a ratio study. Sale price, as an indicator of market value-in-use, is the
denominator in the calculation of the ratio.
Assessed Value ÷ Sales Price = Sales Ratio