Bill Title: Property tax relief. Permits a board of county commissioners (outside Marion County), a county council, a city-county council, a city common council, or a town council to establish a neighborhood enhancement property tax relief program. Provides an assessed value deduction for longtime owner-occupants of homesteads having an assessed value of less than $100,000. Provides that the homesteads must be located in designated distressed areas where real property values have risen markedly as a consequence of the renovation of other residences or the construction of new residences in the area. Specifies that the deduction applies only to the extent the assessed

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Introduced - Dead) 2017-01-04 - First reading: referred to Committee on Ways and Means [HB1056 Detail]

Text: Latest bill text (Introduced) [PDF]

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