Bill > SB0105

This bill eliminates the annual adjustments (or "trending") to assessed values of real property for assessment dates beginning after December 31, 2025, while retaining the existing requirement for four-year cyclical reassessments. The bill keeps the annual adjustment process for agricultural land specifically. Key provisions include allowing a reassessment plan to include a system for adjusting assessed values that promotes uniform assessment, requires reassessors to reevaluate value factors, use mass appraisal techniques, and provide notice to taxpayers of any assessment increases. The goal appears to be maintaining property tax assessment accuracy while reducing the frequency of annual adjustments for most types of real property. Technical changes are made to various sections of Indiana Code to reflect this new approach, ensuring that existing provisions related to property tax assessment and allocation are updated to align with the elimination of annual adjustments. The bill does not fundamentally change the four-year reassessment cycle, but modifies how property values are adjusted between those comprehensive reassessments.

Budget and Finance

https://iga.in.gov/legislative/2025/bills/senate/105/details