IndianaSB 105First Regular Session 124th General Assembly (2025)Senate

Elimination of annual adjustments of assessed values.

Sponsored By: Rick Niemeyer (Republican)

Failed

Summary

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 trending factors in the plan. Does not eliminate the annual adjustment for agricultural land. Makes conforming changes. Makes technical corrections.

tax and fiscal policy

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Bill Overview

No Economic Impacts Identified for this Bill

Sponsors & Cosponsors

Sponsor

  • Rick Niemeyer

    Republican • Senate

Cosponsors

There are no cosponsors for this bill.

Roll Call Votes

No roll call votes available for this bill.

Actions Timeline

  1. Authored by Senator Niemeyer

    1/8/2025Senate
  2. First reading: referred to Committee on Tax and Fiscal Policy

    1/8/2025Senate

Bill Text

  • Introduced Senate Bill (S)

Related Bills

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