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Indiana Property Tax (2026)

Info: Indiana's constitutional property-tax caps (circuit breaker credits) limit the bill to 1% of gross assessed value for homesteads, 2% for other residential and agricultural land, and 3% for nonresidential and personal property.

InfoVerified Jul 7, 2026

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Indiana's constitutional property-tax caps (circuit breaker credits) limit the bill to 1% of gross assessed value for homesteads, 2% for other residential and agricultural land, and 3% for nonresidential and personal property. Assessed value reflects market value-in-use; local levies set the rate. A homestead must receive the Homestead Standard Deduction to qualify for the 1% cap.

Official source: in.gov →

General legal information, not legal advice — verify important decisions with a licensed attorney.

Property Tax in states bordering Indiana

The same rule in each neighboring state LawLert has verified, from that state’s own official source.

IllinoisInfo
Illinois property tax is not administered by the state — it is assessed and managed locally by cities, counties, townships, and taxing districts. Local officials set assessed values and tax rates, so effective property-tax rates vary widely by locality; contact your local county officials for specifics.
Verified Jul 11, 2026 · Source: tax.illinois.gov · Full Illinois rule →
KentuckyInfo
Real property in Kentucky is assessed by county Property Valuation Administrators (PVAs) and taxed at the state real property rate (10.6 cents per $100 of value for 2025) plus local rates set by counties, cities, school districts, and special districts. Rates and exemptions (such as the homestead exemption) are administered locally.
Verified Jul 11, 2026 · Source: revenue.ky.gov · Full Kentucky rule →
MichiganInfo
No statewide rate — the Michigan Constitution requires uniform assessment at no more than 50% of true cash (market) value, and under Proposal A each parcel's taxable value can rise no more than the rate of inflation or 5%, whichever is less. Tax bill = taxable value × locally set millages. Varies by locality.
Verified Jul 12, 2026 · Source: michigan.gov · Full Michigan rule →
OhioInfo
Levied locally: tax applies to 35% of appraised (market) value times voted millage — a mill is $1 per $1,000 of assessed value. HB 920 "effective rate" reduction factors keep most bills from rising in step with property values; county auditors reappraise every 6 years (with a 3rd-year update). Rates vary by county and school district.
Verified Jul 17, 2026 · Source: tax.ohio.gov · Full Ohio rule →

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