Indiana Senate Bill 31

---

Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on January 8 2024 - 25% progression
Action: 2024-01-08 - First reading: referred to Committee on Tax and Fiscal Policy
Pending: Senate Tax and Fiscal Policy Committee
Text: Latest bill text (Introduced) [PDF]

Elimination of annual adjustments of assessed values. Eliminates the annual adjustments (or "trending") to assessed values of certain real property for assessment dates beginning after December 31, 2024. Retains the provisions in current law that require four year cyclical reassessments. Allows a reassessment plan for the four year cyclical reassessments to include trending factors in the plan. Does not eliminate the annual adjustment for agricultural land. Makes conforming changes. Makes technical corrections.

Elimination of annual adjustments of assessed values.

Sen. Rick Niemeyer [R]

Date	Chamber	Action
2024-01-08	Senate	First reading: referred to Committee on Tax and Fiscal Policy
2024-01-08	Senate	Authored by Senator Niemeyer

Type	Source
Summary	https://iga.in.gov/legislative/2024/bills/senate/31/details
Text	https://iga.in.gov/pdf-documents/123/2024/senate/bills/SB0031/SB0031.01.INTR.pdf
Supplement	https://iga.in.gov/pdf-documents/123/2024/senate/bills/SB0031/fiscal-notes/SB0031.01.INTR.FN001.pdf