Dubois County property taxes projected to decrease under new law

Senate Bill 1, authored by Sen. Holdman and sponsored by Rep. Thompson, contains numerous provisions affecting property tax assessments, levies, deductions, and local income tax structures.

The bill, which is headed to Governor Braun for approval, would implement changes gradually between 2025 and 2031, with some of the most significant impacts beginning in 2028.

For Dubois County specifically, the Legislative Services Agency’s fiscal impact analysis projects the county would see a $2.797 million reduction in property tax revenue in 2026, $2.682 million in 2027, and $1.871 million in 2028 compared to current law.

The legislation aims to restructure Indiana’s property tax system by phasing out certain deductions, introducing new credits, and changing assessment methodologies.

Here is the Legislative Services Agency’s overview of the bill and assessment of county-wide impacts.