Authority: IC 6-1.1-31-1; IC 6-1.1-31-6

Affected: IC 6-1.1-31-6

Sec. 4. "Generally accepted appraisal principles" refers to the appraisal principles and standards recognized in the appraisal community as authoritative. Sources of generally accepted appraisal principles include, but are not limited to, the following:

1. (1) The Uniform Standards of Professional Appraisal Practice (USPAP) promulgated by the Appraisal Foundation.
2. (2) The interpretations of USPAP offered in the advisory opinions of the Appraisal Standards Board of The Appraisal Foundation and all other documents intended by the Appraisal Standards Board as interpretations of USPAP.
3. (3) Standard appraisal and valuation texts published by the Appraisal Institute.
4. (4) Standard appraisal and valuation texts published by the International Association of Assessment Officers.

(Department of Local Government Finance; 50 IAC 30-2-4; filed Nov 13, 2017, 11:10 a.m.: 20171213-IR-050170173FRA, eff Jan 1, 2018; readopted filed Oct 21, 2025, 9:19 a.m.: 20251112-IR-050240632RFA)