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

Affected: IC 6-1.1-31-6

Sec. 6. "Market area" means the geographic or locational delineation of the market for a specific category of real property; i.e., the area in which alternative, similar properties effectively compete with the subject property in the minds of probable likely purchasers and users.

(Department of Local Government Finance; 50 IAC 30-2-6; 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)