Indiana HB1075 amends property tax laws, including adjustments to homestead property assessments and credits for disabled veterans.

Indiana HB1075 modifies property tax regulations by altering the assessment of homestead property. Starting from assessments in 2026, the assessed value of homestead property will no longer be subject to annual adjustments but will instead be based on the value from the January 1, 2025, assessment date. The bill also introduces a phased-in property tax credit for individuals aged 65 and older, increasing from 20% of the tax liability in 2026 to 100% from 2030 onwards.

Indiana HB1075 amends property tax laws, including adjustments to homestead property assessments and credits for disabled veterans.

Indiana HB1075 modifies property tax regulations by altering the assessment of homestead property. Starting from assessments in 2026, the assessed value of homestead property will no longer be subject to annual adjustments but will instead be based on the value from the January 1, 2025, assessment date. The bill also introduces a phased-in property tax credit for individuals aged 65 and older, increasing from 20% of the tax liability in 2026 to 100% from 2030 onwards.