HB 1141

Indiana House Bill
2023 Regular Session

Introduced in House
House
Senate
Governor

Cap on assessed valuation increase for homesteads.

View Latest Bill Text

Bill Subjects

Agriculture Generally Agriculture, Farm Products And Commodities Local Government And Finance, Department Of (Dlgf) Property Taxes Generally Property Taxes, Assessments, Notices, And Penalties

Abstract

Limits the annual increase in assessed value of a homestead to 5% unless: (1) ownership of the homestead changes; or (2) the increase results from physical changes to the homestead. Limits the increase in assessed value of a homestead over a 10 year period to 40%.

Bill Sponsors (1)

J.D. Prescott

Republican
Representative
District 33

Author

Votes

No votes to display

Actions

Jan 10, 2023

House

Authored by Representative Prescott

House

First reading: referred to Committee on Ways and Means

Reading-1
Referral-Committee

ways and means

Bill Text

Bill Text Versions	Format
Introduced House Bill (H)	PDF

Related Documents

Document	Format
Fiscal Note: HB1141.01.INTR.FN001	PDF

Sources

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