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SB 189

  • Indiana Senate Bill
  • 2023 Regular Session
  • Introduced in Senate
  • Senate
  • House
  • Governor

Assessed value growth cap.

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Bill Subjects

Property Property Taxes, Assessments, Notices, And Penalties

Abstract

Limits the annual increase in the gross assessed value of real property for property tax purposes to the lesser of 5% or the percentage change in the Consumer Price Index for all Urban Consumers. Provides that the limit does not apply if: (1) the ownership of the property changes; or (2) the increase is attributable to one or more physical changes to the property. Precludes agricultural land for the limit.

Bill Sponsors (1)

Scott Alexander

  • Republican
  • Senator
  • District 26
Author

Votes

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Actions

Jan 10, 2023

Senate

Authored by Senator Alexander

Senate

First reading: referred to Committee on Tax and Fiscal Policy

  • Reading-1
  • Referral-Committee
tax and fiscal policy

Bill Text

Bill Text Versions Format
Introduced Senate Bill (S) PDF

Related Documents

Document Format
Fiscal Note: SB0189.01.INTR.FN001 PDF

Sources

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