Written by: Christopher Condon, Vice President, Property Tax
The Indiana Department of Local Government Finance (DLGF) has released updated cost schedules for the January 1, 2026 assessment date. These changes will directly impact property tax bills payable in 2027, with significant increases for certain property types.
What Changed?
For the 2026 assessment date, cost tables have been updated as follows:
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- Office: +17%
- Apartment: +17%
- Light Manufacturing: +49%
These updates build on several years of increases. Since 2021, cumulative changes now total:
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- Office: +74%
- Apartment: +77%
- Light Manufacturing: +130%
Why This Matters
Indiana relies on cost schedules as a key component in determining the market value-in-use for assessment purposes. As these schedules increase, assessed values typically follow, particularly when trend factors remain in place.
For businesses, this may result in:
- Higher assessed values for 2026, leading to increased tax bills in 2027
- Material shifts in tax liability, especially for manufacturing and other cost-sensitive properties
Why Expert Guidance is Critical
Businesses in Indiana must understand these increases, evaluate how these changes impact their specific properties, and act within Indiana’s strict appeal deadlines.
Waiting until tax bills are issued limits your options.
DMA’s property tax experts :
- Analyze exposure across your Indiana property portfolio
- Develop proactive strategies to manage potential increases
- Ensure compliance with appeal deadlines and documentation requirements
Indiana Property Tax Expertise
Navigating Indiana’s changing property tax landscape requires both experience and strategic insight. DMA’s Indiana property tax team helps businesses manage risk, optimize outcomes, and stay compliant with evolving requirements.
Contact a Property Tax Expert
Connect with a DMA property tax specialist to evaluate your exposure and prepare for 2026 assessments.
eastBefore making any decision or taking any action based upon information contained on this website, you should consult with a DMA professional.