19 articles tagged with "sea 1".
Property Taxes6 min read
Indianapolis' proposed 2027 budget is $1,897,817,268, with a City-County Council vote set for October 19, 2026. Here's what SEA 1, a shrinking circuit breaker loss, and the local income tax did to it, using the city's own budget book.
Insurance5 min read
Indiana homeowners insurance premiums keep climbing while SEA 1 trimmed many tax bills. How rising premiums create escrow shortages, what RESPA lets your servicer collect, and how to check both lines before your 2027 escrow analysis.
Property Taxes5 min read
Indiana school consolidation is accelerating under SEA 1. Elkhart's 23 buildings were built for 17,000 students and enroll 10,100. How closures hit operations levies, debt service, and circuit breaker losses.
Property Taxes5 min read
A 2026 survey of Indiana superintendents finds 60.7% of responding school districts have cut or will cut teaching staff because of SEA 1 property tax reform. The numbers, the rural vs. urban split, and what it means for homeowners.
Property Taxes6 min read
HEA 1210-2026 pushed SEA 1's local income tax overhaul back a year. Current LIT rates now run through 2028, the 2.9% framework starts January 1, 2029, and counties face an October 1, 2026 MUST deadline first.
How-To Guides4 min read
Every deduction and credit statement for taxes payable 2027 must be completed, dated, and filed with your county auditor by January 15, 2027 — one unified deadline under current Indiana law. What still requires a filing after SB 1 and HEA 1210, and what applies automatically.
Property Taxes6 min read
Lawmakers say SEA 1 lowered 2026 bills for two-thirds of Indiana homeowners. If yours rose, one of four structural reasons — caps, referendums, AV jumps, classification.
Property Taxes6 min read
Reassessment's second wave, the IPS referendum, and SEA 1's year-two deduction shift will shape Marion County 2027 tax bills. The direction and verified size of each.
Property Taxes6 min read
SEA 1's revenue squeeze is sending a wave of Indiana school districts to the November 3, 2026 ballot. The verified list, the new one-shot rule, and pass-rate context.
Property Taxes7 min read
SEA 1 lets counties adopt a local income tax of up to 0.3% solely to reduce homestead property tax bills. HEA 1210 extended the window through 2028. How it works, and how it differs from the other LIT rates.
Property Taxes6 min read
Do rooftop panels raise your Marion County assessed value? How Indiana treats home solar in 2026, what SEA 1 did to the old solar deduction, and your appeal options.
Property Taxes6 min read
The full SEA 1 homestead schedule for Indiana: standard deduction phase-out, supplemental phase-in, and worked examples for every pay year to 2031.
Property Taxes7 min read
Indiana's 30% BPP floor removal was sold as tax relief, but 2026 assessments can rise. The aggregate-floor math, PPOP-IN shutdown, and post-May 15 fixes.
Property Taxes8 min read
SEA 1 takes Indiana's four-county charter sharing pilot statewide starting in 2028, phasing districts into sharing operations-fund and referendum revenue with charters. The formula, the phase-in, and what it means for referendums and homeowner bills.
How-To Guides8 min read
SEA 1 lowered many Indiana homeowners' 2026 tax bills, but escrow accounts adjust on a lag. How escrow analysis works, when the surplus check arrives, and what to verify on your statement.
Property Taxes7 min read
SEA 1's homestead restructuring takes its biggest step yet in 2027: the supplemental deduction climbs to 46% while the $48,000 standard deduction begins phasing out. A preview of how the math changes for your 2027 bill.
Property Taxes8 min read
Indiana counties can now let qualified homeowners defer $100 to $500 of homestead property tax per year, up to $10,000 lifetime. How the program works, who it actually helps, and the lien fine print to read before applying.
Property Taxes7 min read
Indiana's 4% levy cap expires after 2026, and the MLGQ that replaces it gets certified around July 1. How the quotient works, the per-county four-factor formula lawmakers proposed but did not pass, and why levy growth matters more than your assessment.
Property Taxes7 min read
SEA 1's property tax relief costs Indianapolis about $10M in 2026, nearly $20M in 2027, and roughly $30M in 2028. What the record $1.7B city budget gave up, and what it means for the services your tax bill funds.