Bill > SJR0003

This resolution proposes a constitutional amendment that would modify Indiana's property tax provisions by allowing local government units (counties, cities, or towns) to reduce the homestead property tax cap within their taxing jurisdiction. Currently, the Indiana Constitution limits property tax liability for different types of property, including a 1% cap for principal residences, 2% for other residential property and agricultural land, and 3% for other real property and certain personal property. The proposed amendment would give local governments the ability to further lower the homestead property tax cap (currently set at 1%) for their specific jurisdiction. This change provides additional flexibility for local governments to adjust property tax rates, potentially offering property owners more targeted tax relief. The amendment would take effect on the assessment date following voter ratification, and it represents a nuanced modification to Indiana's existing constitutional property tax framework that aims to provide local governments with more discretionary power in tax policy.

Budget and Finance

https://iga.in.gov/legislative/2026/resolutions/senate/joint/3/details