Authority: IC 6-1.1-8-42; IC 6-1.1-31-1

Affected: IC 5-14-3-4; IC 6-1.1-8-26

Sec. 2.5. (a) The use of other factors is permitted only in situations where the use of other factors is necessary to:

1. (1) ensure equal and nondiscriminatory treatment of all public utility companies within the same classification; or
2. (2) provide for a unit value that is not clearly unreasonable or unfair to the state or the public utility company.

(b) Third party supporting documentation that is relevant to valuation may be submitted and reviewed by the department.

(c) Third party supporting documentation that is submitted to the department is considered confidential and shall not be subject to disclosure under IC 5-14-3.

(d) Other outside estimates of value not related to the department's assessment are not pertinent to the assessment under this rule.

(Department of Local Government Finance; 50 IAC 5.1-5-2.5; filed Nov 2, 2020, 9:34 a.m.: 20201202-IR-050190636FRA; readopted filed Oct 21, 2025, 9:19 a.m.: 20251112-IR-050240632RFA)