50 IAC 27-7-1 Time

Sec. 1. (a) Assessing officials shall do the following: (1) Perform annual adjustments compliant with this article before tax rates are set by the department based on values generated by any form of annual adjustment performed under this rule. (2) Execute the adjustment and subsequent finalization of values without interruption. If the department determines that further review of a county's assessed values is warranted, the department shall conduct a review and notify the county in accordance with 50 IAC 27-10, 50 IAC 27-11, IC 6-1.1-4, IC 6-1.1-14, or IC 6-1.1-33.5. (b) If any annual adjustment factor is applied, a notice of assessment, for example, Form 11, shall be sent to each affected taxpayer pursuant to IC 6-1.1-4-22.