It started in 1973, when Governor Bowen pushed his property tax relief package through the Indiana General Assembly. Counties could adopt the county adjusted gross income tax (CAGIT) if they wanted more property tax relief than the new state program delivered.
Farmers are worried about property taxes on farmland. So is the governor and members of the General Assembly. They did something about it on April 29 in the closing hours of the 2015 legislative session.
Dagney Faulk and Mike Hicks at Ball State's Center for Business and Economic Research have written another excellent study of Indiana property taxes. This one's about assessment quality.
Once again, farmland assessments and property taxes are going up. The Department of Local Government Finance, which oversees the property tax in Indiana, has set the base rate per acre of farmland for 2015 taxes at $2,050 per acre. That's a 16 percent increase from the base rate for 2014 taxes. In December the DLGF announced the base rate for 2016 at $2,420, another 18 percent increase.