From the Angi HQ's planned 180 apartments to Capital Center South's hotel floors, downtown conversions are turning empty office space into new assessed value. What that means for the levy, abatements, and office owners' appeals.
What Indiana TIF districts do, how base vs incremental assessed value works, what TIF revenue funds, the effect on schools and county budgets, and when districts expire.
Statewide gross assessed values jumped 12% from 2024 to 2025. Commercial property led at +16%, followed by industrial at +15.6% and residential at +10.4%. Here's the county-level breakdown and what it means for tax bills.