# Indiana SB 194: Assessment of certain commercial property.

Indiana SB 194, Assessment of certain commercial property., is a First Regular Session 124th General Assembly (2025) Senate bill sponsored by Rick Niemeyer (Republican); status failed, last action 2025-01-08 (First reading: referred to Committee on Tax and Fiscal Policy) (as of 2026-10-17).

- Canonical: https://policyrisk.com/state-bill/IN-SB194-2025
- As of: 2026-10-17
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: Indiana SB 194
- State: Indiana
- Session: First Regular Session 124th General Assembly (2025)
- Title: Assessment of certain commercial property.
- Status: failed
- Chamber: Senate
- Introduced: 2025-01-08
- Last action: 2025-01-08, First reading: referred to Committee on Tax and Fiscal Policy
- Sponsor: Rick Niemeyer (Republican)
- Cosponsors: 0
- Subjects: tax and fiscal policy
- Touches household money: no
- Economic provisions PRIA read: 0

## Summary

Establishes certain assessment requirements for commercial property with a structure that is not more than 100,000 square feet in area and that is: (1) used for retail purposes; (2) a maintenance or service shop; and (3) detached or offsite storage property or facilities used in relation to those uses. Requires the assessor to annually determine the assessed value of those properties using each of the following approaches: (1) Cost approach. (2) Sales comparison approach. (3) Income capitalization approach. Requires the assessor to use the department of local government finance cost schedules without additional modifiers, adjustments, or other trending factors beyond the location cost multiplier adjustments developed by the department. Prohibits the use of locally developed cost schedules, location cost multipliers, and market or trending adjustments. Requires the assessor to report to the taxpayer each of the values under the three approaches. Provides that the assessor has the burden of proof to establish that the assessed value of the property is the lowest value under the three approaches. Requires the assessor making the assessment to personally provide an explanation to the taxpayer concerning how the assessed value of the property was calculated if requested.

## Bill overview

No economic impacts identified for this bill.

## Sponsors and cosponsors

- Sponsor: Rick Niemeyer (Republican), Senate

## Actions (2)

- 2025-01-08: First reading: referred to Committee on Tax and Fiscal Policy (Senate)
- 2025-01-08: Authored by Senator Niemeyer (Senate)

## Bill text

- Introduced Senate Bill (S): [PDF](https://api.iga.in.gov/2025/bills/SB0194/versions/SB0194.01.INTR?format=pdf)

## Related bills

- SB 324: Criminal procedures. (signed)
- SB 231: Various corrections matters. (signed)
- SB 80: Code publication. (signed)
- SB 453: Various tax matters. (signed)
- SB 464: Financial institutions and consumer credit. (signed)
- SB 371: Workforce matters. (signed)

## Sources
- [Introduced Senate Bill (S) (PDF)](https://api.iga.in.gov/2025/bills/SB0194/versions/SB0194.01.INTR?format=pdf)

## Related
- [SB 324: Criminal procedures.](https://policyrisk.com/state-bill/IN-SB324-2025)
- [SB 231: Various corrections matters.](https://policyrisk.com/state-bill/IN-SB231-2025)
- [SB 80: Code publication.](https://policyrisk.com/state-bill/IN-SB80-2025)
- [SB 453: Various tax matters.](https://policyrisk.com/state-bill/IN-SB453-2025)
- [SB 464: Financial institutions and consumer credit.](https://policyrisk.com/state-bill/IN-SB464-2025)
- [SB 371: Workforce matters.](https://policyrisk.com/state-bill/IN-SB371-2025)
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- [Indiana state hub](https://policyrisk.com/states/indiana)
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Source: PRIA, https://policyrisk.com/state-bill/IN-SB194-2025 (as of 2026-10-17).