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IN SB0164
Bill
Status
1/4/2017
Primary Sponsor
Rick Niemeyer
Click for details
AI Summary
Senate Bill 164 Summary
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Eliminates annual adjustments (trending) to real property assessed values for assessment dates after December 31, 2017
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Maintains requirement for four-year cyclical reassessments of real property
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Repeals sections establishing the system for annually adjusting assessed values between reassessment cycles
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Makes conforming changes to multiple Indiana Code sections related to property tax allocation and economic development districts to remove references to annual adjustments
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Effective dates: July 1, 2017 and January 1, 2018
Legislative Description
Elimination of annual adjustments of assessed values. Eliminates the annual adjustments (or "trending") to assessed values of real property for assessment dates beginning after December 31, 2017. Retains the provisions in current law that require four year cyclical reassessments. Makes conforming changes.
Last Action
First reading: referred to Committee on Appropriations
1/4/2017