Finance
Indiana's 'circuit breaker' property tax cap limits taxes on most homesteads to a maximum of:
A1% of assessed value
B1% of gross assessed value for homesteads, 2% for residential rental, and 3% for other property✓ Correct
C5% of assessed value
D10% of market value
Explanation
Indiana's Constitutional property tax circuit breaker caps are 1% of gross assessed value for homesteads (owner-occupied), 2% for residential rental and agricultural, and 3% for commercial/industrial and other property.
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