INDIANAPOLIS, Ind. (ADAMS) – The state’s property tax changes have taken effect, and gross assessed property values are up 12 percent compared to 2024.
Farmland is being assessed at a lower base rate than in 2024 due to a provision in the tax plan approved by the Indiana General Assembly.
Lawmakers say that homeowners will save $1.2 billion in property taxes over the next three calendar years thanks to a 10 percent off credit up to $300 each.
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