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HB 1435 IN

Cap on assessed valuation increases for homesteads.

IN · session 2023 · Assembly / House · bill

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Introduced Jan 17, 2023

Latest action (Jan 17, 2023) First reading: referred to Committee on Ways and Means

Summary

Limits the annual increase in assessed value of a homestead to the lesser of: (1) 3%; or (2) the change in the Consumer Price Index; unless ownership of the homestead changes during the year or the increase results from physical changes to the homestead.

Sponsor (1)
1 coauthor / cosponsor

Action history (3)
  1. Jan 17, 2023 Coauthored by Representative Judy · lower
  2. Jan 17, 2023 Authored by Representative Jeter · lower
  3. Jan 17, 2023 First reading: referred to Committee on Ways and Means · lower
Subjects
LOCAL GOVERNMENT AND FINANCE, DEPARTMENT OF (DLGF)PROPERTYPROPERTY TAXES generallyPROPERTY TAXES, Assessments, Notices, and Penalties

Text versions (1)

The published texts of this bill as it moves through the legislature. Each links to the official document on the state legislature site. Data from OpenStates.

  • Introduced House Bill (H) · Jan 17, 2023 · PDF

Full text

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