SB 129 Indiana Senate · 2025 Regular Session

Landlocked property.

Summary

Defines "landlocked property" as real property that has been shut off from all public highways as a result of the vacation of one or more public highways. Provides that if an action of the state, or an agency or political subdivision of the state, causes real property to become landlocked property, the county assessor of the county in which the landlocked property is located must assess the value of the landlocked property at the same rate that native forest land, a forest plantation, or wildlands are assessed for as long as the property qualifies as landlocked property.

Bill status in committee 1 of 4 stages cleared

Introduction

Jan 2025

Committee Review

Floor Vote

Governor

Introduced Jan 8, 2025 Last action Jan 21, 2025

Maddy AI version diff · 1 comparison

What changed between versions

Introduced Senate Bill (S) → Senate Bill (S) · 3 edits

MINOR

This bill was amended to change how landlocked property is assessed for tax purposes. Instead of being valued at zero, landlocked property will now be assessed at the same rate as native forest land, forest plantations, or wildlands. This change affects property owners whose land has been cut off from public highways due to state actions.

Scope change

The bill's scope expanded from zero valuation to a specific assessment rate tied to forest land valuation standards.

FISCAL

Changed property assessment from zero value to the same rate as native forest land, forest plantations, or wildlands.

TECHNICAL

Added committee report and reassigned bill from Local Government Committee to Tax and Fiscal Policy Committee.

TIMELINE

Updated bill dates and version numbers to reflect Senate amendments from January 2025.

Floor votes

How they voted

No floor votes recorded yet.

Full legislative history

Actions timeline

Total actions

Key actions

Committee

Jan 21, 2025

Upper · Passed

Committee report: amend do pass adopted; reassigned to Committee on Tax and Fiscal Policy

upper

2 primary · 0 co-sponsors