IndianaSB 353First Regular Session 124th General Assembly (2025)Senate

Property tax rate freeze.

Sponsored By: Mike Gaskill (Republican)

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Summary

Provides a calculation to be used in determining the maximum permissible ad valorem property tax levy and resulting tax rate for taxes first due and payable in 2026 and 2027, to cap the increase in the levy and tax rates based on a ratio comparison of each civil taxing unit's maximum permissible ad valorem property tax levy to net assessed value in 2025.

tax and fiscal policy

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Bill Overview

No Economic Impacts Identified for this Bill

Sponsors & Cosponsors

Sponsor

  • Mike Gaskill

    Republican • Senate

Cosponsors

  • Brian Buchanan

    Republican • Senate

  • Linda Rogers

    Republican • Senate

  • Scott Baldwin

    Republican • Senate

Roll Call Votes

No roll call votes available for this bill.

Actions Timeline

  1. Senator Buchanan added as second author

    1/30/2025Senate
  2. Senator Rogers added as coauthor

    1/30/2025Senate
  3. Senator Baldwin added as third author

    1/30/2025Senate
  4. Authored by Senator Gaskill

    1/14/2025Senate
  5. First reading: referred to Committee on Tax and Fiscal Policy

    1/14/2025Senate

Bill Text

  • Introduced Senate Bill (S)

Related Bills

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