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Bill Title: Property tax relief. Permits a board of county commissioners, a county council, a city-county council, or a city common council to establish a neighborhood enhancement property tax relief program. Specifies that under the program a property tax assessed value deduction is provided that reduces real property taxes on some longtime owner-occupants of residences. Provides that the residences 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 is 90% of the increased value. Permits

Spectrum: Bipartisan Bill

Status: (Introduced - Dead) 2016-01-11 - Representatives Brown, T., Porter, Braun added as coauthors [HB1026 Detail]

Download: Indiana-2016-HB1026-Introduced.pdf

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