50 IAC 30-3-1 Purpose and conduct of market segmentation

Sec. 1. (a) Per IC 6-1.1-31-6(d), a market segmentation analysis may be used as evidence refuting or supporting the purported comparability of a sale or appropriateness of a valuation approach in an opinion of true tax value. (b) A market segmentation analysis must conform to generally accepted appraisal principles. (c) No specific form or procedure is required for a market segmentation analysis. (d) It is not required for a market segmentation analysis to: (1) accompany a valuation utilizing the sales comparison approach; or (2) be separate or distinct from an appraisal report.