Reps. Pressel, Teshka: Legislation delivering robust property tax relief and reform to Hoosiers signed into law

STATEHOUSE (April 23, 2025) – State Reps. Jim Pressel (R-Rolling Prairie) and Jake Teshka (R-North Liberty) supported Senate Enrolled Act 1, advancing a robust package of property tax relief for Hoosier homeowners and long-term reforms. SEA 1 has now been signed into law.

Under SEA 1, through a combination of credits and reforms, Hoosier homeowners will save $1.3 billion in property taxes over the next three years. Two-thirds of Hoosier homeowners will see a lower bill in 2026 than they did in 2025.

"Our goal is to unburden Hoosiers from the weight of increasing property taxes," Pressel said. "With this new law, I believe we are taking the right steps to protect property owners and still provide the resources and services needed to maintain our growing communities."

SEA 1 includes the following property tax relief measures:

• A 10% property tax credit up to $300 on all homestead property tax bills beginning in 2026.
• Additional relief for fixed-income seniors and disabled veterans.
• Phases in a two-thirds property tax deduction for homesteads and a new one-third property tax deduction for other residential properties and farmers.
• Exempts more Hoosier small businesses from paying business personal property tax.
• Reduces assessed value for farmland, saving Hoosier farmers roughly $125 million over three years.

Additionally, it advances long-term reforms including:

• Reduces the amount of total local income taxes that local governments can collect by $1.9 billion.
• Puts stronger controls in place to rein in the $54.3 billion in local government debt.
• Requires referenda to be held during general elections to align with higher voter turnout and increase transparency of referenda questions to better note the tax impact.
• Creates a Property Tax Transparency Portal to allow taxpayers to compare their current tax bill with proposed tax rate changes.

"This law provides targeted aid to Hoosier families, offering financial relief while establishing a framework for long-term fiscal stability for communities across Indiana," Teshka said. "This is a practical and impactful victory for homeowners that will save them on property taxes long-term."

Visit iga.in.gov to follow the legislative session, which must conclude by April 29.

-30-

State Rep. Jim Pressel (R-Rolling Prairie) represents District 20,
which includes portions of LaPorte and Starke counties.
Click here to download a high-resolution photo.

State Rep. Jake Teshka (R-North Liberty) represents House District 7,
which includes portions of LaPorte, Marshall and St. Joseph counties.
Click here to download a high-resolution photo.