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HB 1141 IN

Cap on assessed valuation increase for homesteads.

IN · session 2023 · Assembly / House · bill

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Introduced Jan 10, 2023

Latest action (Jan 10, 2023) First reading: referred to Committee on Ways and Means

Summary

Limits the annual increase in assessed value of a homestead to 5% unless: (1) ownership of the homestead changes; or (2) the increase results from physical changes to the homestead. Limits the increase in assessed value of a homestead over a 10 year period to 40%.

Sponsor (1)

Action history (2)
  1. Jan 10, 2023 Authored by Representative Prescott · lower
  2. Jan 10, 2023 First reading: referred to Committee on Ways and Means · lower
Subjects
AGRICULTURE generallyAGRICULTURE, Farm Products and CommoditiesLOCAL GOVERNMENT AND FINANCE, DEPARTMENT OF (DLGF)PROPERTY 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 9, 2023 · PDF

Full text

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