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SB 189 IN

Assessed value growth cap.

IN · session 2023 · Senate · bill

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

Introduced Jan 10, 2023

Latest action (Jan 10, 2023) First reading: referred to Committee on Tax and Fiscal Policy

Summary

Limits the annual increase in the gross assessed value of real property for property tax purposes to the lesser of 5% or the percentage change in the Consumer Price Index for all Urban Consumers. Provides that the limit does not apply if: (1) the ownership of the property changes; or (2) the increase is attributable to one or more physical changes to the property. Precludes agricultural land for the limit.

Sponsor (1)

Action history (2)
  1. Jan 10, 2023 Authored by Senator Alexander · upper
  2. Jan 10, 2023 First reading: referred to Committee on Tax and Fiscal Policy · upper
Subjects
PROPERTYPROPERTY 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 Senate Bill (S) · Jan 10, 2023 · PDF

Full text

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