IN HB1141 | 2023 | Regular Session
Status
Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on January 10 2023 - 25% progression, died in committee
Action: 2023-01-10 - First reading: referred to Committee on Ways and Means
Pending: House Ways and Means Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on January 10 2023 - 25% progression, died in committee
Action: 2023-01-10 - First reading: referred to Committee on Ways and Means
Pending: House Ways and Means Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Cap on assessed valuation increase for homesteads. 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%.
Title
Cap on assessed valuation increase for homesteads.
Sponsors
History
| Date | Chamber | Action |
|---|---|---|
| 2023-01-10 | House | First reading: referred to Committee on Ways and Means |
| 2023-01-10 | House | Authored by Representative Prescott |
Subjects
AGRICULTURE generally
AGRICULTURE, Farm Products and Commodities
LOCAL GOVERNMENT AND FINANCE, DEPARTMENT OF (DLGF)
PROPERTY TAXES generally
PROPERTY TAXES, Assessments, Notices, and Penalties
AGRICULTURE, Farm Products and Commodities
LOCAL GOVERNMENT AND FINANCE, DEPARTMENT OF (DLGF)
PROPERTY TAXES generally
PROPERTY TAXES, Assessments, Notices, and Penalties
Indiana State Sources
| Type | Source |
|---|---|
| Summary | https://iga.in.gov/legislative/2023/bills/house/1141/details |
| Text | https://iga.in.gov/legislative/2023/bills/house/1141/#1.INTR |
