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Bill > SB0232

IN SB0232

IN SB0232
Real property appraisals.

summary

Introduced
01/08/2026
In Committee
02/17/2026
Crossed Over
01/27/2026
Passed
Dead

Introduced Session

2026 Regular Session

Bill Summary

Real property appraisals. Allows the city of Gary to hire an appraiser to conduct appraisals of residential and commercial properties to assist the city with disposing of the city's real property. Prohibits an employee or appointed or elected official of the city from purchasing property that is appraised by the appraiser.

AI Summary

This bill allows cities in Indiana with a population between 69,000 and 69,500, such as Gary, to hire an appraiser to value up to ten residential and ten commercial properties each year, with commercial properties needing to be at least five acres. These appraisals will help the city sell its real estate and can be used to meet existing legal requirements for property sales. The city must also publish the average value per square foot for residential properties and per acre for commercial properties on its website annually, which can then be used to set minimum sale prices. Importantly, no city employee or elected/appointed official can buy any property that has been appraised under this new law, and this provision will expire on December 31, 2029.

Committee Categories

Government Affairs

Sponsors (12)

Last Action

Second reading: ordered engrossed (on 02/19/2026)

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bill summary

Document Type Source Location
State Bill Page https://iga.in.gov/legislative/2026/bills/senate/232/details
Fiscal Note #2: House Comm Sub https://iga.in.gov/pdf-documents/124/2026/senate/bills/SB0232/fiscal-notes/SB0232.04.COMH.FN002.pdf
BillText https://iga.in.gov/pdf-documents/124/2026/senate/bills/SB0232/SB0232.04.COMH.pdf
Fiscal Note #1: House Comm Sub https://iga.in.gov/pdf-documents/124/2026/senate/bills/SB0232/fiscal-notes/SB0232.04.COMH.FN001.pdf
House Committee Report https://iga.in.gov/pdf-documents/124/2026/senate/bills/SB0232/committee-reports/SB0232.03.ENGS.CRH001.pdf
Vote Sheet February 17, 2026 https://iga.in.gov/pdf-documents/124/2026/senate/bills/SB0232/votesheets/SB0232.03.ENGS.02.pdf
Fiscal Note #2: Senate Engrossed https://iga.in.gov/pdf-documents/124/2026/senate/bills/SB0232/fiscal-notes/SB0232.03.ENGS.FN002.pdf
Fiscal Note #1: Senate Engrossed https://iga.in.gov/pdf-documents/124/2026/senate/bills/SB0232/fiscal-notes/SB0232.03.ENGS.FN001.pdf
BillText https://iga.in.gov/pdf-documents/124/2026/senate/bills/SB0232/SB0232.03.ENGS.pdf
Senate Amendment #1 https://iga.in.gov/pdf-documents/124/2026/senate/bills/SB0232/amendments/SB0232.02.COMS.AMS001.pdf
BillText https://iga.in.gov/pdf-documents/124/2026/senate/bills/SB0232/SB0232.02.COMS.pdf
Fiscal Note #1: Senate Comm Sub https://iga.in.gov/pdf-documents/124/2026/senate/bills/SB0232/fiscal-notes/SB0232.02.COMS.FN001.pdf
Senate Committee Report https://iga.in.gov/pdf-documents/124/2026/senate/bills/SB0232/committee-reports/SB0232.01.INTR.CRS001.pdf
Vote Sheet January 15, 2026 https://iga.in.gov/pdf-documents/124/2026/senate/bills/SB0232/votesheets/SB0232.01.INTR.03.pdf
BillText https://iga.in.gov/pdf-documents/124/2026/senate/bills/SB0232/SB0232.01.INTR.pdf
Fiscal Note #1: Introduced https://iga.in.gov/pdf-documents/124/2026/senate/bills/SB0232/fiscal-notes/SB0232.01.INTR.FN001.pdf
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