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SB 232·IN·senate

Real property appraisals.

EnactedFiled Jan 8, 2026
Sponsor: Mark Spencer (Democratic)
Latest Action

Public Law 46

Mar 3, 2026

Summary

The law lets cities with populations between 69,000 and 69,500 hire an appraiser each year to evaluate ten residential and ten commercial properties. The city must post the average price per square foot for residential sites and per acre for commercial sites on its website and can use those averages to set minimum sale prices. City officials may not purchase any property that was appraised under this program.

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