Hoosiers seeing significant increases in property tax assessments

INDIANA – Many Hoosiers are getting their property tax assessments and are not liking what they are seeing.

Homeowners across Indiana are seeing what skyrocketing home prices are doing to their property taxes.

Assessments vary by county, but many are seeing a 20 percent or more increase which can be steep for someone on a fixed income.

Experts say the volatile housing market is to blame with so few homes on the market the value of a house is high.

This year’s assessments are based on housing market data from 2020 and they expect assessments will only go up even more in 2023.