SB 31

Indiana Senate Bill
2024 Regular Session

Introduced in Senate
Senate
House
Governor

Elimination of annual adjustments of assessed values.

View Latest Bill Text

Bill Subjects

Agriculture; Generally Property; Generally Taxes; Property Taxes

Abstract

Eliminates the annual adjustments (or "trending") to assessed values of certain real property for assessment dates beginning after December 31, 2024. 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)

Rick Niemeyer

Republican
Senator
District 6

Author

Votes

No votes to display

Actions

Jan 08, 2024

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: SB0031.01.INTR.FN001	PDF

Sources

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