TITLE 50 DEPARTMENT OF LOCAL GOVERNMENT FINANCE
Notice of Public Comment Period for Rule Readoption
LSA Document #23-677
Readopts rules in anticipation of
IC 4-22-2.6, providing that an administrative rule adopted under
IC 4-22-2 expires January 1 of the fifth year after the year in which the rule takes effect unless the rule contains an earlier expiration date. Effective 30 days after filing with the publisher.
OVERVIEW
Rules to be readopted without changes are as follows:
50 IAC 30 MARKET SEGMENTATION OF REAL PROPERTY IMPROVEMENTS
Rules to be repealed are as follows:
None
In accordance with
IC 4-22-2.6-4, the department of local government finance (DLGF) has considered the impact of the rule, and any burden it would place on taxpayers. The DLGF finds that the rule is necessary to ensure that real property improvements are accurately valued, in accordance with standard assessment and appraisal practice. Market segmentation analysis allows for a more accurate determination of value based on particular market conditions specific to an area.
REQUEST FOR PUBLIC COMMENTS
At this time, the department of local government finance solicits the following:
(1) The submission of alternative ways to achieve the purpose of the rule.
(2) The submission of suggestions for the development of draft rule language.
Comments may be submitted in one of the following ways:
(1) By mail or common carrier to the following address:
LSA Document #23-677
Jennifer Thuma
Department of Local Government Finance
100 North Senate Avenue
Indianapolis, IN 46240
(2) By electronic mail to: jthuma@dlgf.in.gov. To confirm timely delivery of submitted comments, please request a document receipt when sending the electronic mail. PLEASE NOTE: Electronic mail comments will NOT be considered part of the official written comment period unless they are sent to the address indicated in this notice.
All comments must be postmarked or time stamped not later than October 20, 2023.
Posted: 09/20/2023 by Legislative Services Agency
DIN: 20230920-IR-050230677RNA
Composed: May 20,2024 1:31:59AM EDT
A
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