Property Taxes4 min read
How Indiana Values Golf Courses: One Statewide Cap Rate, Set Annually by the DLGF
For the January 1, 2026 assessment date, Indiana golf courses are valued by dividing three-year average net operating income by a DLGF-set 11.96% capitalization rate — a mechanism written into IC 6-1.1-4-42 and refreshed in an annual DLGF memo.