· IN legislature · 2025

Elimination of annual adjustments of assessed values.

Eliminates the annual adjustments (or "trending") to assessed values of certain real property for assessment dates beginning after December 31, 2025. Retains the provisions in current law that require four year cyclical reassessments. Allows a reassessment plan for the four year cyclical reassessments to include tre…

Sponsor

Rick Niemeyer (R-IN)

Introduced

2025-01-08

Policy area

Taxation

Latest action

Authored by Senator Niemeyer