IndianaIndiana city may appraise properties and post average values online
Starting July 1, 2026, a city in a specified population range may arrange yearly property appraisals and then post average values online.
What it does
A city in the specified population range may arrange yearly appraisals of 10 homes and 10 commercial properties of at least five acres to help sell city property.
After receiving appraisals, the city must post yearly average values for the appraised homes and commercial properties. It may use those averages to set minimum sale prices for that year.
City employees and appointed or elected officers may not buy a home or commercial property appraised under this section.
Argument forAppraisals and posted averages could give the city local price information when it sells property.
Argument againstEmployees and officers may be barred from buying appraised city properties, even if they want to purchase one.
More detail
The city may hire an appraiser each year to appraise 10 residential properties and 10 commercial properties of at least five acres. This applies only to a city with more than 69,000 and fewer than 69,500 residents. The appraised properties must be located throughout the city. The city may use an appraisal to meet certain appraisal requirements for disposing of city property. The provision takes effect July 1, 2026, and expires December 31, 2029.
After receiving the appraisals, the city must post average property values on its website each year. The posting covers the residential and commercial properties appraised under this section. The city must post the average value per square foot for the appraised homes and the average value per acre for the appraised commercial properties. The city may use these averages to set a minimum offering price for city property sales during that year. The city updates the website each year after receiving the appraisals; this provision expires December 31, 2029.
A city employee or appointed or elected officer may not buy a property appraised under this section. The restriction covers residential and commercial properties appraised by an appraiser hired under this section. This restriction applies under the section, which expires December 31, 2029.
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Where it stands
- Introduced
- Passed Senate
- Passed House
- To Governor
- Became Law
Looking ahead
No hearings or votes scheduled.
History
- 2026
- Mar 3Public Law 46Latest
- Mar 3Signed by the Governor Mike BraunBecame Law
- Feb 26Signed by the President of the SenateMajor
- Feb 25Signed by the SpeakerMajor
- Feb 24Signed by the President Pro TemporeMajor
- Feb 24Returned to the Senate without amendmentsMinor
- Feb 23Third reading: passed; Roll Call 309: yeas 93, nays 2Passed House
- Vote recorded SB 232 - Olthoff - 3rd Reading. Result: pass.Lower
- Feb 19Second reading: ordered engrossedMinor
- Feb 18Representatives Smith V, Borders added as cosponsors
- Feb 17Committee report: do pass, adoptedMinor
- Jan 28First reading: referred to Committee on Local GovernmentMinor
- Jan 27Referred to the HouseMinor
- Jan 26House sponsor: Representative Olthoff
- Vote recorded SB 232 - Spencer - 3rd Reading. Result: pass.Upper
- Jan 26Cosponsor: Representative Harris
- Jan 26Third reading: passed; Roll Call 79: yeas 44, nays 0Passed Senate
- Jan 26Senator Jackson L added as coauthor
- Jan 26Senator Charbonneau added as third author
- Jan 26Senators Taylor G, Yoder, Bohacek added as coauthors
- Jan 22Senator Dernulc added as second author
- Jan 22Senator Randolph added as coauthor
- Jan 22Second reading: amended, ordered engrossedMinor
- Jan 22Amendment #1 (Dernulc) prevailed; voice voteMajor
- Jan 15Committee report: do pass, adoptedMinor
- Jan 8Authored by Senator Spencer
- Jan 8First reading: referred to Committee on Local GovernmentIntroduced
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