# Indiana SB 353: Property tax rate freeze.

Indiana SB 353, Property tax rate freeze., is a First Regular Session 124th General Assembly (2025) Senate bill sponsored by Mike Gaskill (Republican); status failed, last action 2025-01-30 (Senator Buchanan added as second author) (as of 2026-10-17).

- Canonical: https://policyrisk.com/state-bill/IN-SB353-2025
- 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 353
- State: Indiana
- Session: First Regular Session 124th General Assembly (2025)
- Title: Property tax rate freeze.
- Status: failed
- Chamber: Senate
- Introduced: 2025-01-14
- Last action: 2025-01-30, Senator Buchanan added as second author
- Sponsor: Mike Gaskill (Republican)
- Cosponsors: 3
- Subjects: tax and fiscal policy
- Touches household money: no
- Economic provisions PRIA read: 0

## 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.

## Bill overview

No economic impacts identified for this bill.

## Sponsors and cosponsors

- Sponsor: Mike Gaskill (Republican), Senate
- Cosponsor: Brian Buchanan (Republican), Senate
- Cosponsor: Linda Rogers (Republican), Senate
- Cosponsor: Scott Baldwin (Republican), Senate

## Actions (5)

- 2025-01-30: Senator Buchanan added as second author (Senate)
- 2025-01-30: Senator Rogers added as coauthor (Senate)
- 2025-01-30: Senator Baldwin added as third author (Senate)
- 2025-01-14: Authored by Senator Gaskill (Senate)
- 2025-01-14: First reading: referred to Committee on Tax and Fiscal Policy (Senate)

## Bill text

- Introduced Senate Bill (S): [PDF](https://api.iga.in.gov/2025/bills/SB0353/versions/SB0353.01.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/SB0353/versions/SB0353.01.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)
- [Indiana bills](https://policyrisk.com/states/indiana/bills)
- [Indiana state hub](https://policyrisk.com/states/indiana)
- [All state legislation](https://policyrisk.com/state-bills)

Source: PRIA, https://policyrisk.com/state-bill/IN-SB353-2025 (as of 2026-10-17).