Governor Bowen presents his tax package at the Statehouse.
Property tax reform in Indiana can be traced back to this tax reform package, which is passed in response to increasing local property tax rates and levies. The reform limits local governments’ ability to increase property tax levies, sets up alternate funding mechanisms for local government, and shifts some of the responsibility for revenue generation to the state. Indiana Farm Bureau supports the governor’s tax package to allow land reassessments at six-year intervals.
Counties can adopt the county adjusted gross income tax (CAGIT) if they want more property tax relief than the new state program delivered.