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

Affected: IC 6-1.1-31-6

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. (1) accompany a valuation utilizing the sales comparison approach; or
2. (2) be separate or distinct from an appraisal report.

(Department of Local Government Finance; 50 IAC 30-3-1; 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)