IN SB0255

Abolishes county and township assessor offices effective July 1, 2026, transferring all assessment duties to county auditors; abolishes township trustee offices effective December 31, 2026, transferring township assistance administration to county commissioners

Requires the Department of Local Government Finance (DLGF) to develop an automated valuation model (AVM) system for statewide property assessment (excluding agricultural land), with implementation required by 2037 at the latest and progress reports due to the interim study committee on fiscal policy by November 1 annually starting in 2026

Freezes assessed values for all non-agricultural property at 2026 levels during the transition period between December 31, 2026 and when the AVM system becomes operational, suspending cyclical reassessments and annual adjustments during this time

Caps property tax liability for 2028 at the 2026 level, then limits annual increases to no more than 3% per year thereafter until AVM-based assessments begin

Requires the Indiana Department of Transportation to develop local bridge inspection criteria by October 1, 2026 with the goal of reducing inspection costs while maintaining compliance with state and federal safety standards, and removes the requirement that local bridge conditions rank in the top quarter nationally