Indiana HB1146 freezes property tax liability on homesteads based on the date of ownership acquisition.

Indiana HB1146 introduces a homestead property tax freeze, setting an individual's property tax liability based on the date they acquired an ownership interest. The freeze applies to property taxes due after December 31, 2026, and expires on January 1, 2029. If a physical change to the homestead increases its assessment, the tax liability increases accordingly. The bill defines "qualified interest" and "property tax liability" and specifies that the homestead's tax liability is the only liability for that year.

Indiana HB1146 freezes property tax liability on homesteads based on the date of ownership acquisition.

Indiana HB1146 introduces a homestead property tax freeze, setting an individual's property tax liability based on the date they acquired an ownership interest. The freeze applies to property taxes due after December 31, 2026, and expires on January 1, 2029. If a physical change to the homestead increases its assessment, the tax liability increases accordingly. The bill defines "qualified interest" and "property tax liability" and specifies that the homestead's tax liability is the only liability for that year.