Referendum Impact Calculator

 

Property taxes that are approved by voters in a referendum are not subject to the property tax caps. Therefore, any referendum may result in a property tax bill that exceeds the caps (1% of assessed value for homesteads (owner-occupied residence), 2% for other residential properties and farmland, and 3% for all other property).

To Calculate an Estimated Referendum Impact: Select the unit of government imposing the referendum from the dropdown box at the top of the form. Enter an assessed value for the property. Next select any deductions that may apply to the parcel by either clicking on the checkboxes, or entering an amount in the 'Other Deductions' text box. Finally, click on the 'Estimate Referendum Impact' button for details.

The figures provided by this tool are estimates only and should not be taken as a statement of true tax liability. This analysis assumes that in a certain year, all properties increase or decrease by the same percentage. For example, assessments for all properties in the area increase by 1% from 2012 to 2013 (as opposed to one homeís assessment increasing 1% and anotherís increasing 5%).



Select a county:
Select a referendum:
Assessed Value - Land and Improvements:
$
To look up your assessed value, click here: http://www.in.gov/dlgf/4931.htm and find the value labeled "Assessed Value Total Land and Improvements". This value will be highlighted in yellow.

Select a property type from the list below*:
Mortgage Deduction
65 or Over Deduction
Disabled Veteran's Deduction
Other Deductions $

*NOTICE:† If the homestead deduction is selected, this referendum impact calculator assumes that 100% of the entered assessed value is eligible for the homestead deduction and credits. Indiana law states that only the value of the primary residence, plus a maximum of one (1) acre of land, is eligible for the homestead deduction and applicable credits.† Be advised that if your property contains more than this amount of land, your actual tax bill will likely be higher than what is estimated here.

**For quick reference on taxing districts corresponding to taxing districts codes, go to http://www.in.gov/dlgf/files/Township_Taxing_District_Associations.pdf? Also note that all townships in the specified taxing district will be affected by the referendum.

About This Tool:
The Department of Local Government Finance (DLGF), in partnership with the Indiana Business Research Center (IBRC) at Indiana University, has created the Referendum Impact Calculator for Indiana taxpayers. This tool will allow you to enter your propertyís assessed value and deductions, and receive an estimate of additional property tax that would result if the referendum is approved.