Bill > HB1656

This bill establishes a property tax freeze for homeowners aged 65 and older in Indiana, creating a new mechanism to limit their property tax liability. The bill defines a "base year" as either 2025 or the year the homeowner turns 65, whichever is later, and sets the property tax liability for a qualified individual at the lowest amount they paid in their base year or subsequent years. To qualify, the individual must own or be buying a homestead, pay their property taxes in full during the base year and subsequent years, and file a certified statement with the county auditor by January 15th of the tax year. The property tax liability will remain fixed at the lowest amount, regardless of increases in property values or tax rates, beginning with taxes due in 2026. If a qualified individual changes the use of their homestead so it no longer qualifies for the tax freeze, they must notify the county auditor within 60 days of the change. The law will apply only to property taxes first due and payable after December 31, 2025, and is set to expire on July 1, 2028, providing a temporary relief mechanism for senior homeowners.

Budget and Finance

https://iga.in.gov/legislative/2025/bills/house/1656/details