Section 1516.2. Publication of information by board.
The board shall publish the following information that shall be updated annually:
(1) The statistical methods used to calculate the common level ratio and the State Tax Equalization Board market ratio.
(2) Procedures for excluding sales data and how the procedures compare with practices of the International Association of Assessing Officers.
(3) Procedures to ensure that dissimilar properties are not treated as a single group.
(4) Standards to be used for sales sample size and procedures to be used when sales samples are not adequate.
If a municipality contracts for services relating to an assessment, the data collected by the contractor must be transmitted to the municipality within 60 days of its collection or development.
(1516.2 added Apr. 18, 2013, P.L.4, No.2)