IndianaQualifying home tax values could change only at transfer or owner request
Starting with the January 1, 2027, assessment, Indiana would keep qualifying homes' tax values steady until ownership changes or an owner asks for an adjustment.
What it does
Starting with the January 1, 2027, assessment, a qualifying home's tax value could change only when it is sold, inherited, or otherwise transferred, or when its owner asks.
Argument forHomeowners might have steadier tax values before their homes change hands because assessors could not adjust those values unless the owners ask.
Argument againstOwners of similar homes might have different tax values if one home changes hands while the other owner's value stays unchanged.
More detail
Assessors could adjust a qualifying home's value for property taxes only when it transfers or its owner asks. The rule applies to Indiana real estate that qualifies as a homestead. An owner could ask for an adjustment before the home changes hands. The state's yearly value adjustments would apply to other real estate, excluding qualifying homesteads after December 31, 2026. The restriction would begin with the January 1, 2027, assessment; the amended sections would take effect July 1, 2026.
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Where it stands
- Introduced
- Passed House
- Passed Senate
- To Governor
- Became Law
Looking ahead
No hearings or votes scheduled.
History
- 2026
- Jan 5First reading: referred to Committee on Ways and MeansLatest
- Jan 5Authored by Representative DvorakIntroduced
Taxes & BudgetHousing