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Farmland Property Tax Assessments: Indiana General Assembly Slows the Explosive Growth, For Now

Summary

Senate Enrolled Act 436 passed the General Assembly on the last day of the session, April 29, 2015. The vote was unanimous in both houses. The bill was signed by the Governor as Public Law 249 on May 6. The bill made many changes to property tax procedures. For agriculture, the most important change was the method used to calculate the base rate of farmland for property tax assessment.