WeVote
Log In

Bill

WeVote Research Nonpartisan
Bill Summary · SB 353

Legislative bill overview

SB 353 proposes to freeze property tax rates in Indiana, preventing increases beyond their current levels. The bill was introduced in January 2025 and is currently under review by the Committee on Tax and Fiscal Policy, with support from four senators.

Why is this important

Property tax freezes directly affect household budgets and local government revenues. Homeowners benefit from predictable tax obligations, but municipalities, schools, and counties may face revenue constraints if property values increase without corresponding tax rate adjustments, potentially limiting services or forcing alternative funding mechanisms.

Potential points of contention

  • Local government funding impact: Schools, counties, and municipalities depend on property tax revenue to fund operations; a freeze could require service reductions, fee increases, or alternative revenue sources
  • Property value appreciation without revenue growth: As properties appreciate in value, frozen rates mean government cannot capture corresponding revenue growth, creating structural budget pressures
  • Fairness and assessment inequities: A rate freeze may benefit long-term property owners while newer buyers face the same frozen rates on potentially higher-valued properties, raising questions about equitable tax distribution

Compiled from official sources — confirm details with the bill’s official record.

Sign in to ask a question.