(INDIANAPOLIS) - Indiana's gross assessed values for commercial, industrial and residential properties rose nearly 10% from 2025 to 2026.
Indiana Capital Chronicle reports the latest increase is smaller than the 19% jump recorded between 2024 and 2025.
Statewide Property Value Changes
The data was assembled by the Indiana Department of Local Government Finance for property taxes due and payable in 2027.
The information comes from ratio studies performed annually by Indiana's 92 county assessors.
Across Indiana, assessed values changed this way:
All property types: up 9.7%
Residential properties with structures: up 7.3%
Commercial buildings: up 15%
Industrial properties: up 25.8%
Residential properties make up more than three-quarters of the assessed value in the state comparison. Commercial properties represent 16%, while industrial properties represent 7%.
Northeast Indiana Numbers
In northeast Indiana, the growth rates included:
Allen County: 6.6%
Steuben County: 8.2%
Whitley County: 11.1%
DeKalb County: 11.4%
Noble County: 11.6%
LaGrange County: 17.3%
Property Tax Debate Continues
The Indiana Capital Chronicle reports the numbers come as state leaders continue to discuss Indiana's property tax system.
Governor Mike Braun told reporters this week that the assessment system needs to be looked at. He also said last month that he would like to figure out whether the process is opaque.
Indiana lawmakers approved major property tax changes in Senate Enrolled Act 1 during the 2025 legislative session.
The law is expected to save homeowners a collective $1.2 billion in property taxes over three calendar years, from 2026 through 2028. The savings come largely through a credit for 10% off every homestead's bill, up to $300 each.
Impact On Local Governments
Local units of government are expected to lose a projected $1.5 billion over the first three years under the law, with public school corporations representing about half the total.
The law also caps total local income tax rates for all counties at 2.9%, down from 3.75%.
Municipalities can now impose rates up to 1.2% within that county total.
What Comes Next
State leaders are also discussing calls to eliminate property taxes entirely.
Braun told reporters that if the state looks at doing that, leaders would also have to determine how to replace that revenue.