SB 105 IN

Elimination of annual adjustments of assessed values.

IN · session 2025 · Senate · bill

A state bill is a proposed law in a state legislature — separate from the U.S. Congress. Learn more →

Introduced Jan 8, 2025

Latest action (Jan 8, 2025) Authored by Senator Niemeyer

Summary

Eliminates the annual adjustments (or "trending") to assessed values of certain real property for assessment dates beginning after December 31, 2025. Retains the provisions in current law that require four year cyclical reassessments. Allows a reassessment plan for the four year cyclical reassessments to include trending factors in the plan. Does not eliminate the annual adjustment for agricultural land. Makes conforming changes. Makes technical corrections.

Sponsor (1)

Rick Niemeyer Republican · author

Action history (2)

Jan 8, 2025 First reading: referred to Committee on Tax and Fiscal Policy · upper
Jan 8, 2025 Authored by Senator Niemeyer · upper

Subjects

AGENCIES; Department of Local Government Finance (DLGF)AGRICULTURE; GenerallyCOUNTY GOVERNMENTLOCAL ELECTED OFFICIALS; AssessorsTAXES; Assessments, Notices, and PenaltiesTAXES; Property TaxesTOWNSHIPS AND TOWNSHIP OFFICERS

Full text

The full text hasn’t been imported yet. CivicGate fetches it from the state legislature’s published version documents — check now.

Comments

Loading comments…

Data from OpenStates. View on OpenStates →