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IN HB1015
Bill
Status
Introduced
1/5/2010
Primary Sponsor
Floyd Grubb
Click for details
AI Summary
- Caps annual increases in gross assessed value of real property at 10% for assessment dates after 2010
- The 10% limit applies only to increases resulting from general reassessments or annual adjustments under Indiana Code
- Increases from other factors (such as improvements or changes that would have raised value regardless of reassessment) are excluded from the cap
- Requires the Department of Local Government Finance to adopt rules to implement the assessment limit
- Effective date: January 1, 2011
Legislative Description
Limit on real property assessment increases.
Last Action
First reading: referred to Committee on Ways and Means
1/5/2010
Full Bill Text
No bill text available