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SB 129 IN

Landlocked property.

IN · session 2025 · Senate · bill

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Introduced Jan 8, 2025

Latest action (Jan 21, 2025) Committee report: amend do pass adopted; reassigned to Committee on Tax and Fiscal Policy

Summary

Defines "landlocked property" as real property that has been shut off from all public highways as a result of the vacation of one or more public highways. Provides that if an action of the state, or an agency or political subdivision of the state, causes real property to become landlocked property, the county assessor of the county in which the landlocked property is located must assess the value of the landlocked property at the same rate that native forest land, a forest plantation, or wildlands are assessed for as long as the property qualifies as landlocked property.

Sponsors (2)

Action history (4)
  1. Jan 8, 2025 First reading: referred to Committee on Local Government · upper
  2. Jan 8, 2025 Authored by Senator Buck · upper
  3. Jan 21, 2025 Senator Niemeyer added as second author · upper
  4. Jan 21, 2025 Committee report: amend do pass adopted; reassigned to Committee on Tax and Fiscal Policy · upper
Subjects
LOCAL ELECTED OFFICIALS; AssessorsPROPERTY; GenerallyTRANSPORTATION; Infrastructure; Highways, Roads, and Streets

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