SB 45

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

Elimination of annual adjustments to assessed values.

Abstract

Eliminates the annual adjustments (or "trending") to assessed values of certain real property for assessment dates beginning after December 31, 2023. Retains the provisions in current law that require four year cyclical reassessments. Allows a reassessment plan for the four year cyclical reassessments to include trending factors in the plan. Does not eliminate the annual adjustment for agricultural land. Makes conforming changes. Makes technical corrections.

Bill Sponsors (1)

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Jan 09, 2023

Senate

Authored by Senator Niemeyer

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: SB0045.01.INTR.FN001 PDF

Sources

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