The DLGF's 2026 cost tables raised apartment and office base rates 17%. How that reaches Indiana rental, multifamily, and small commercial tax bills under the 2% and 3% caps, the 12% rental deduction, and the appeal windows still open.
IC 6-1.1-4-41 requires Indiana assessors to value LIHTC properties by income capitalization — with a statutory floor tied to 5% of gross rents. Market-rate comps are legally wrong for these properties, and that's the core of most successful appeals.
DLGF raised apartment base rates again for the January 1, 2026 assessment date. Marion County's April 28 Form 11 notices carry that second increase, and the Form 130 window to contest it closes June 15, 2026.
Marion County added roughly $2B of assessed value to apartment complexes for 2026. Here's how to build an income-approach rebuttal — rent roll, NOI, cap rate selection — and present it on Form 130 and at PTABOA.