Bill > HB1146

This bill establishes a property tax freeze for homeowners in Indiana, creating a new law that allows individuals to lock in their property tax liability at a specific point in time. The bill defines key terms like "homestead" (a primary residence) and "property tax liability" (the tax owed on a property after credits and deductions). Starting in 2027, homeowners who acquired their property before January 1, 2026, will have their property tax liability frozen at the 2026 level. For homeowners who acquire their property after December 31, 2025, their property tax liability will be set at either the amount from the year they purchased the home or the lowest amount in subsequent years. If physical improvements to the home increase its assessed value, the property tax can increase by the amount directly attributable to those improvements. The county auditor is responsible for implementing this tax freeze, and the new law will apply to property taxes due in calendar years after 2026. The provisions of this bill are designed to provide tax stability for homeowners and protect them from potentially significant property tax increases over time.

Budget and Finance

https://iga.in.gov/legislative/2026/bills/house/1146/details