Property Valuation
Indiana's agricultural property tax circuit breaker limits the property taxes on:
AAll Indiana real estate
BAgricultural land to a maximum percentage of the land's gross assessed value✓ Correct
COnly residential homesteads
DOnly commercial properties
Explanation
Indiana's property tax circuit breaker provisions cap property taxes on various property types. Agricultural land has specific caps (expressed as a percentage of assessed value) that limit the tax burden on Indiana farmers.
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