4 articles tagged with “circuit breaker”
Indiana's constitutional property tax caps limit your bill to 1%, 2%, or 3% of gross AV depending on property type. Here's how each tier works and when the cap binds.
Marion County absorbs $300M+ in annual circuit breaker cap losses — the largest in Indiana. With SB 1 layered on, IPS faces a $1.3M 2026 hit and $2.2M in 2027. Here's the math.
Your Indiana property tax bill contains more than just the amount due. Learn what every line means — gross assessed value, deductions, net assessed value, tax rate, credits, and circuit breaker caps — so you can verify you're paying the right amount.
Most Indianapolis homestead parcels are bound by the 1% circuit breaker cap rather than their gross tax. Here's the math, why it matters for appeals, and what it means for your bill.