Property Tax Changes Take Effect, Property Values Grow 12%

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 2024 due to a provision in the tax plan approved by the Indiana General Assembly.

Homeowners will save one-point-two billion dollars in property taxes over the next three calendar years thanks to a ten-percent credit up to 300 dollars each.