Cap on assessed valuation increase for homesteads.
Summary
Limits the annual increase in assessed value of a homestead to 5% unless: (1) ownership of the homestead changes; or (2) the increase results from physical changes to the homestead. Limits the increase in assessed value of a homestead over a 10 year period to 40%.
Bill status
in committee
1 of 4 stages cleared
Introduction
Jan 2023
Committee Review
Floor Vote
Governor
Introduced Jan 10, 2023
Last action Jan 10, 2023
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
2
Key actions
0
Committee
0
1 primary · 0 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
J.D. Prescott
RRepublican
Ask Maddy
·
AI policy assistant
Ask Maddy about HB 1141
Scope: IN
Hi! I can help you understand HB 1141. What would you like to know?
Try one of these
i
Maddy answers using official bill text and legislative records. Always verify before sharing.
Sources cited inline