LEGISLATIVE SERVICES AGENCY
OFFICE OF FISCAL AND MANAGEMENT ANALYSIS
200 W. Washington St., Suite 301
Indianapolis, IN 46204
(317) 233-0696
iga.in.gov
FISCAL IMPACT STATEMENT
LS 6559 NOTE PREPARED: Jan 29, 2024
BILL NUMBER: HB 1120 BILL AMENDED: Jan 29, 2024
SUBJECT: Property Taxes.
FIRST AUTHOR: Rep. Thompson BILL STATUS: 2
nd
Reading - 1
st
House
FIRST SPONSOR:
FUNDS AFFECTED:XGENERAL IMPACT: State & Local
DEDICATED
FEDERAL
Summary of Legislation: (Amended) Veteran’s Deduction: This bill increases the assessed value (AV) limit
for the disabled veteran property tax deduction from $200,000 to $240,000.
Excess Residential Acreage: The bill requires a county assessor to apply throughout the county an influence
factor to recognize the reduced AV of residential excess land. It provides that the influence factor required
must reduce the base land value of residential excess land by no less than 50%. It provides, however, that
the AV per acre of the residential excess land may not be less than the base rate of agricultural land unless
a different classification of land with a lower AV per acre applies.
Deduction Filing: This bill allows that, for purposes of various property tax deductions, an individual has
until January 15 of a calendar year in which property taxes are first due and payable to complete, date, and
file the required certified statement with the county auditor.
Maximum Levy Appeals: The bill increases the amount by which a civil taxing unit must exceed the statewide
average AV growth for purposes of an appeal for relief from property tax levy limits.
Referendum Tax: This bill extends the current cap on operating referendum tax that may be levied by a
school corporation. It provides a formula for determining the cap on the operating referendum tax levy using
the school corporation's recent average daily membership counts.
Controlled Projects: The bill extends the threshold amounts used for determining whether a political
subdivision's project is a controlled project and whether the petition and remonstrance process or the
referendum process applies based on the political subdivision's total debt service tax rate. It specifies that
HB 1120 1 a political subdivision's total debt service tax rate does not include a tax rate approved by voters for a
referendum debt service tax levy.
Curricular Materials: This bill provides that distributions for curricular materials may not be considered for
purposes of determining whether a school corporation met the requirement to expend a minimum amount
of state tuition support for teacher compensation. It repeals the requirement that each school maintained by
a school corporation and each charter school establish a curricular materials account. The bill also requires
a public school to deposit distributions for curricular materials in: (1) the education fund of the school
corporation that maintains the school; or (2) the fund in which a charter school receives state tuition support.
TIF Parcels: The bill prohibits a redevelopment commission from removing a parcel of real property from
an existing economic development district (EDD) or an existing tax increment financing (TIF) district, and
subsequently adding the same parcel of real property back into the EDD or TIF district during the life of the
EDD or TIF district.
Redevelopment Commissions: This bill adds a provision to allow a redevelopment commission to expend
revenues from its allocation fund that are allocated for police and fire services on both capital expenditures
and operating expenses as authorized in the 2023 session in House Bill 1454.
Township Firefighting/EMS: The bill provides that, if a township transitions from a single township
firefighting and emergency services fund to two separate funds as authorized under current law, the township
legislative body must approve a transfer of the remaining cash balance from the single fund to the two new
separate funds and determine the amounts attributable to each fund.
The bill also makes conforming changes.
Effective Date: Upon passage; January 1, 2023 (retroactive); January 1, 2024 (retroactive); July 1, 2024;
January 1, 2025.
Explanation of State Expenditures: Department of Local Government Finance (DLGF): This bill will add
additional workload for the DLGF beginning in CY 2024 when certifying school operating referendum tax
rates and levies for the following year. The agency's current level of resources should be sufficient to
implement this provision.
Explanation of State Revenues:
Explanation of Local Expenditures: Redevelopment Commissions: Under current law, redevelopment
commissions are permitted to expend revenues from a TIF district that are allocated for police and fire
services on both capital expenditures and operating expenses. This provision specifies that the expenditures
may be made from the allocation fund.
Curricular Materials: This provision requires public schools to deposit amounts currently in the curricular
materials account and distributions for curricular materials in the education fund (and in the case of a charter
school that does not have an education fund, the fund in which state tuition support distributions are placed)
rather than the curricular materials account. However, the bill specifies that amounts received from curricular
materials can still only be used to pay for the cost of curricular materials.
Controlled Projects: This provision could have an indeterminable impact on local units' expenditures and
HB 1120 2 related debt service property tax levies. In addition to the projects that would currently qualify as controlled
projects and projects that currently must go through the referendum process, additional projects could
become controlled projects and be subject to referendum.
Under current law, the project cost and the unit’s gross AV determine whether the project will be controlled
and whether it must go through the referendum process. Also under current law, through December 31, 2024,
a project is considered a controlled project for a taxing unit that has a total debt service tax rate that exceeds
$0.40, and if the total debt service tax rate is at least $0.80 then the unit must hold a referendum. (Under
previous law, the unit must hold a referendum only if [1] the referendum threshold is met, and [2] there are
sufficient signatures on a petition requesting the referendum.)
This provision extends the tax rate thresholds indefinitely. However, retroactive to January 1, 2024, the
thresholds are changed to exclude debt service rates imposed as a result of a referendum. Therefore, this
provision will make any project a controlled project for a taxing unit that has a non-referendum debt service
tax rate that exceeds $0.40. Also, if the non-referendum debt service tax rate is at least $0.80, then the unit
must hold a referendum.
Since the uncontrolled project, petition and remonstrance, and referendum processes all have different levels
of public vetting, this bill could affect the likelihood that some projects ultimately get approved. Taxes levied
for projects that go through the petition and remonstrance process are subject to tax caps and could
potentially increase tax cap losses, while the taxes levied for referendum projects do not impact tax cap
losses.
Of the 290 school corporations, 138 corporations had a 2023 non-referendum debt service tax rate that
exceeded $0.40. The non-referendum debt tax rate in 25 of those school corporations was at least $0.80. In
addition, three municipalities had 2023 non-referendum debt service tax rates that exceeded $0.40 but were
less than $0.80. No other taxing unit had a 2023 non-referendum debt service tax rate that exceeded $0.40.
[A list of taxing units with 2023 non-referendum debt service tax rates of at least $0.40 is shown as Appendix
A.]
Explanation of Local Revenues: Veteran’s Deduction: Beginning with taxes payable in CY 2025, this
provision will result in an increase in the number of disabled veterans who may qualify for the deduction.
Based on current claim rates and homestead values, an estimated additional 5,800 veterans could claim about
$81 M in AV deductions worth about $1.7 M in taxes. The new deductions will cause tax rates to rise,
resulting in tax shifts to other taxpayers to the extent that tax bills do not exceed the tax caps. Some of the
tax shift will result in revenue losses to taxing units through higher tax cap credits.
(Revised) Referendum Tax: The bill will limit the growth in certain school operating referendum levies from
CY 2025 until the expiration of the levy. This limit applies to only referenda that were passed before 2023,
but not to a referendum passed at any time during which a school corporation was designated as a distressed
unit. Beginning in CY 2025, the change in the maximum levy for an operating referendum fund will be
capped at the average ADM percentage change from the prior four years, plus 3%. The minimum change is
0% with an 8% maximum increase
In CY 2024, 52 school corporations have school operating referendum levies that were passed prior to 2023
but not while a distressed unit. Based on ADM and AV growth estimates, it is estimated under this proposal
that these school corporations will have CY 2025 maximum operating referendum levies that total $35.2 M
less than under current law. In CY 2026, the maximum levy reduction, compared to current law, is estimated
HB 1120 3 at $59.4 M. These changes will continue each year until the referendum expires. [A list of affected school
corporations and the estimated 2025 maximum levy change is shown in Appendix B. The 2026 estimates are
shown in Appendix C.]
If the reduced operating referendum maximum levy leads to reduced levies, then school revenues will be
reduced as compared to current law. Since referendum funds are not subject to tax caps, this provision will
have no tax cap impact.
Excess Residential Acreage: Beginning with taxes payable in CY 2026, this provision requires county
assessors to apply an influence factor of at least -50% to excess residential acreage (residential acreage in
excess of the maximum one acre homesite). The resulting AV per acre may not be less that the base
assessment rate for farmland. An analysis of county assessor land records shows that for taxes payable in CY
2024, there are 1.26 million acres of excess residential land. Currently, most have no influence factor. The
application of a 50% influence factor will reduce net tax on those parcels by an estimated $19.7 M in CY
2026 and $20.3 M in CY 2027. Taxes shifted to other taxpayers are estimated at $13.8 M in CY 2026 and
$14.3 M in CY 2027. Revenue losses for taxing units are estimated at $5.9 M in CY 2026 and $6.0 M in CY
2027 and are summarized by unit type in the table below.
Estimated Net Revenue Change
Unit Type CY 2026 CY 2027
Counties -1,936,000 -1,999,000
Townships -392,000 -398,000
Cities and Towns -1,466,000 -1,500,000
School Corporations -2,701,000 -2,706,000
Libraries -221,000 -220,000
Special Units -345,000 -371,000
TIF 1,204,000 1,241,000
Total -5,857,000 -5,953,000
Total Without TIF -7,061,000 -7,194,000
(Revised) Deduction Filing: Under current law, an application for the following property tax deductions must
be completed and dated in the calendar year prior to the year in which taxes are due and must be filed no later
than January 5 of the tax payable year: homestead standard, age 65 or over, blind or disabled, disabled
veterans, WWI surviving spouse, solar heating or cooling, solar power device, wind power device,
hydroelectric power device, geothermal heating or cooling, fertilizer/pesticide storage, model residence, and
residence in inventory.
Under this provision, a taxpayer may complete, date, and file the deduction application by January 15 of the
year in which the taxes are payable. This provision could result in a minimal increase in deduction filers each
year.
Property tax deductions reduce the net AV of the property, shifting taxes to other properties. Homes with
a standard deduction are subject to the 1% tax cap rather than the 2% residential tax cap. The deductions and
lower tax cap for homesteads can reduce net taxes.
Maximum Levy Appeals: Under current law, a civil taxing unit may petition the DLGF for permission to
increase its maximum levy limit if the unit’s three year average AV growth percentage exceeds the statewide
AV growth percentage by 2%. These units may increase their maximum levy by the AV growth percentage
HB 1120 4 rather than by the maximum levy growth quotient (MLGQ). This provision will increase the 2% threshold
to 4% and will reduce the number of civil units that would potentially qualify for maximum levy appeals
beginning with taxes payable in CY 2025.
[For taxes payable in CY 2024, 340 of 2,108 civil taxing units met the 1.02 threshold in current law. If this
provision had applied in CY 2024, only 156 units would have met the 1.04 threshold.]
TIF Parcels: If a TIF parcel loses AV, then the TIF will have a lower AV allocation and lower revenue.
Currently, if the parcel is removed from the TIF and later reinserted, the old higher value in the allocation
area’s base AV is replaced with the current lower value, thereby increasing the AV allocated to the TIF and
increasing TIF revenue. This provision eliminates the ability to remove and then reinsert a parcel.
State Agencies Affected: Department of Local Government Finance.
Local Agencies Affected: County auditors; County assessors; Civil taxing units; Public schools;
Redevelopment commissions.
Information Sources: LSA Property Tax Database; Local Government Database, Department of Local
Government Finance.
Fiscal Analyst: Bob Sigalow, 317-232-9859; Austin Spears, 317-234-9454.
HB 1120 5 Appendix A.
2023 Non-Referendum Debt Service Tax Rates Exceeding $0.40
Non-Referendum Non-Ref Non-Ref
CorpMunicipality / School Corporation Debt Rate > $0.40 >= $0.80
Boonville Civil City 0.4683 X
Dyer Civil Town 0.4592 X
Frankton Civil Town 0.4297 X
0015Adams Central Community School Corp 0.4624 X
0025North Adams Community School Corp 0.5074 X
0035South Adams School Corporation 0.4100 X
0225Northwest Allen County School Corp 0.4416 X
0515Blackford County School Corporation 0.4751 X
0615Western Boone County School Corporation 0.5034 X
0630Zionsville Community School Corporation 0.5701 X
0815Lewis Cass Schools 0.4591 X
0875Logansport Community School Corporation 0.4889 X
1000Clarksville Community School Corporation 0.6787 X
1010Greater Clark County School Corporation 0.6884 X
1170Frankfort Community School Corporation 0.5963 X
1180Rossville Consolidated School Corp 0.5115 X
1560Sunman-Dearborn Community School Corp 0.5481 X
1600South Dearborn Community School Corp 0.6662 X
1820Garrett-Keyser-Butler Comm School Corp 0.5957 X
1940Daleville Community Schools 0.6183 X
1970Muncie Community School Corporation 0.5054 X
2120Greater Jasper Consolidated School Corp 0.5246 X
2155Fairfield Community School Corporation 0.5357 X
2260Baugo Community School Corporation 0.8109 X X
2270Concord Community School Corporation 0.7850 X
2275Middlebury Community School Corporation 0.8337 X X
2285Wa-Nee Community School Corporation 0.4400 X
2315Goshen Community School Corporation 0.4723 X
2400New Albany-Floyd County Cons School Corp 0.4035 X
2435Attica Consolidated School Corporation 0.4913 X
2645Rochester Community School Corporation 0.4364 X
2735North Gibson School Corporation 0.5331 X
2855Mississinewa Community School Corp 0.6007 X
2865Marion Community School Corporation 0.4034 X
2940Eastern Consolidated School Corporation 0.4599 X
2950Linton-Stockton School Corporation 0.7327 X
2960M.S.D. Shakamak School Corporation 0.4533 X
3005Hamilton Southeastern School Corporation 0.4777 X
3025Hamilton Heights School Corporation 0.6321 X
3030Westfield-Washington School Corporation 0.5321 X
3055Sheridan Community Schools 0.6263 X
3070Noblesville School Corporation 0.4062 X
3115Southern Hancock County Comm School Corp 0.5433 X
3125Greenfield Central Community School Corp 0.5225 X
3135Mt. Vernon Community School Corporation 1.1928 X X
3295Northwest Hendricks School Corporation 1.0382 X X
3305Brownsburg Community School Corporation 0.9785 X X
3315Avon Community School Corporation 0.9957 X X
3325Danville Community School Corporation 0.8900 X X
HB 1120 6 Appendix A.
2023 Non-Referendum Debt Service Tax Rates Exceeding $0.40
Non-Referendum Non-Ref Non-Ref
CorpMunicipality / School Corporation Debt Rate > $0.40 >= $0.80
3330Plainfield Community School Corporation 0.5451 X
3335Mill Creek Community School Corporation 0.5751 X
3405Blue River Valley School Corporation 0.9230 X X
3415South Henry School Corporation 0.5339 X
3445New Castle Community School Corporation 0.4836 X
3455Charles A. Beard Memorial School Corp 0.7608 X
3460Taylor Community School Corporation 0.7264 X
3470Northwestern School Corporation 0.4390 X
3480Eastern Howard Community School Corp 1.0096 X X
3490Western School Corporation 0.5955 X
3500Kokomo School Corporation 0.4716 X
3640Medora Community School Corporation 0.8987 X X
3675Seymour Community School Corporation 0.4888 X
3710Crothersville Community School Corp 0.5040 X
3945Jay County School Corporation 0.5110 X
4145Clark-Pleasant Community School Corp 1.0256 X X
4205Center Grove Community School Corp 0.6826 X
4215Edinburgh Community School Corporation 0.7182 X
4225Franklin Community School Corporation 0.9377 X X
4255Nineveh-Hensley-Jackson United Sch Corp 0.5251 X
4335Vincennes Community School Corporation 0.4392 X
4415Warsaw Community School Corporation 0.4181 X
4445Tippecanoe Valley School Corporation 0.4478 X
4580Hanover Community School Corporation 0.5439 X
4590River Forest Community School Corp 0.8447 X X
4600Merrillville School Corporation 0.5511 X
4645Tri Creek School Corporation 0.7466 X
4650Lake Ridge School Corporation 1.5854 X X
4660Crown Point Community School Corporation 0.7887 X
4680Lake Station School Corporation 1.3878 X X
4690Gary Community School Corporation 0.7769 X
4700Griffith Public School Corporation 0.6902 X
4710Hammond City School Corporation 0.5628 X
4730School City Of Hobart School Corporation 1.0111 X X
4860New Durham Township School Corporation 0.5095 X
4925Michigan City Area School Corporation 0.4485 X
4940South Central Community School Corp 0.5550 X
4945Laporte Community School Corporation 0.4415 X
5245Frankton-Lapel Community School Corp 0.9146 X X
5255South Madison Community School Corp 0.5711 X
5275Anderson Community School Corporation 0.6546 X
5280Elwood Community School Corporation 0.8009 X X
5300M.S.D. Decatur Township School Corp 0.7208 X
5310Franklin Township Community School Corp 0.9339 X X
5360M.S.D. Warren Township School Corp 0.5200 X
5375M.S.D. Wayne Township School Corporation 1.0000 X X
5380Beech Grove City School Corporation 1.1629 X X
5470Argos Community School Corporation 0.5171 X
5485Plymouth Community School Corp 0.5199 X
HB 1120 7 Appendix A.
2023 Non-Referendum Debt Service Tax Rates Exceeding $0.40
Non-Referendum Non-Ref Non-Ref
CorpMunicipality / School Corporation Debt Rate > $0.40 >= $0.80
5625Oak Hill United School Corporation 0.9084 X X
5635Peru Community School Corporation 0.6312 X
5705Richland-Bean Blossom Comm School Corp 0.6791 X
5845South Montgomery Community School Corp 0.4168 X
5855Crawfordsville Community School Corp 0.7796 X
5900Monroe-Gregg School Corporation 0.6872 X
5930Mooresville Consolidated School Corp 0.4034 X
6260Southwest Parke Community School Corp 0.5132 X
6325Perry Central Community School Corp 0.5174 X
6340Cannelton City School Corporation 0.9917 X X
6350Tell City-Troy Township School Corp 0.4799 X
6460Boone Township School Corporation 0.8795 X X
6510East Porter County School Corporation 0.5322 X
6520Porter Township School Corporation 0.5683 X
6705South Putnam Community School Corp 0.6449 X
6715North Putnam Community School Corp 0.6763 X
6755Greencastle Community School Corporation 0.6199 X
6820Monroe Central School Corporation 0.5627 X
6825Randolph Central School Corporation 0.4188 X
6835Randolph Eastern School Corporation 0.5013 X
6865South Ripley Community School Corp 0.4636 X
6910Milan Community School Corporation 0.5147 X
7150John Glenn School Corporation 0.4300 X
7175Penn-Harris-Madison-School Corporation 0.4648 X
7200Mishawaka City School Corporation 0.6229 X
7215Union-North United School Corporation 0.6028 X
7230Scott County District No. 1 School Corp 0.5820 X
7255Scott County District No. 2 School Corp 0.4071 X
7285Shelby Eastern School Corporation 0.5269 X
7365Shelbyville Central School Corporation 0.5480 X
7865Tippecanoe School Corporation 0.4488 X
7875West Lafayette Community School Corp 0.5375 X
7935Tri-Central Community Schools 0.4416 X
7950Union County School Corporation 0.4789 X
8045Manchester Community School Corporation 0.4895 X
8060Wabash City School Corporation 0.8812 X X
8115M.S.D. Warren County School Corp 0.5501 X
8205Salem Community School Corporation 0.4278 X
8215East Washington School Corporation 0.4837 X
8355Western Wayne School Corporation 0.4713 X
8360Centerville-Abington Comm School Corp 0.6411 X
8375Northeastern Wayne School Corporation 0.4892 X
8445M.S.D. Bluffton-Harrison School Corp 0.4477 X
Count 141 25
HB 1120 8 Appendix B.
Estimated CY 2025 School Operating Referendum Maximum Levy Change
CorpSchool Corporation
2024
Estimated
Max Levy @
Adjusted
Maximum
Rate
2025
Estimated
Max Levy @
Authorized
Rate
2025
Estimated
Max Levy
Proposed
2025
Est. %
Growth
2025
Potential
Change in
Max Levy
0125MSD of SW Allen County 6,634,200 7,682,700 6,797,800 2.5% -884,900
0365Bartholomew Con School Corp 9,334,300 10,156,200 9,650,600 3.4% -505,600
0395Benton Community School Corp 4,315,000 5,144,200 4,365,000 1.2% -779,200
0630Zionsville Community Schools 11,755,800 13,560,300 12,322,100 4.8%-1,238,200
0665Lebanon Community School Corp 3,492,500 6,036,500 3,629,100 3.9%-2,407,400
1315Barr-Reeve Com Schools Inc 1,038,700 1,241,900 1,084,300 4.4% -157,600
2100Southeast Dubois County School Corp 984,200 1,152,800 1,002,200 1.8% -150,600
2285Wa-Nee Community School Corp. 1,566,400 1,763,100 1,585,600 1.2% -177,500
2315Goshen Community Schools 5,664,900 6,431,600 5,739,000 1.3% -692,600
3030Westfield-Washington Schools 9,684,800 11,880,600 10,352,400 6.9%-1,528,200
3070Noblesville Schools 20,038,400 23,519,800 20,595,700 2.8%-2,924,100
3135Mt Vernon Community Sch Corp 3,037,400 4,741,400 3,218,600 6.0%-1,522,800
3160Lanesville Community School Corp 482,100 565,300 493,100 2.3% -72,200
3315Avon Community School Corp. 16,397,200 18,595,900 17,147,200 4.6%-1,448,700
4145Clark-Pleasant School Corp. 2,994,300 3,546,800 3,095,000 3.4% -451,800
4215Edinburgh Community School Corp 862,900 956,900 878,300 1.8% -78,600
4225Franklin Community School Corp. 5,052,000 5,619,300 5,150,100 1.9% -469,200
4515Prairie Heights School Corp. 2,300,400 2,645,600 2,360,100 2.6% -285,500
4525Westview School Corporation 4,959,300 5,674,400 4,959,300 0.0% -715,100
4580Hanover Community School Corp 4,671,100 5,471,100 4,953,000 6.0% -518,100
4590River Forest Community Sch Corp 2,665,000 2,862,800 2,785,200 4.5% -77,600
4615Lake Central School Corporation 10,752,700 11,642,000 10,961,200 1.9% -680,800
4660Crown Point Community School Corp. 8,162,400 9,013,500 8,448,700 3.5% -564,800
4680Lake Station Community Schools 1,371,700 1,515,700 1,395,300 1.7% -120,400
4700Griffith Public School Corporation 3,062,900 3,502,300 3,062,900 0.0% -439,400
4710School City of Hammond 15,116,100 16,256,400 15,121,400 0.0%-1,135,000
4730School City of Hobart 2,593,400 2,878,800 2,668,000 2.9% -210,800
5275Anderson Community School Corp. 2,379,800 2,531,700 2,380,900 0.0% -150,800
5300M S D Decatur Township 7,644,800 8,573,900 7,811,400 2.2% -762,500
5340M S D Perry Township 21,812,500 24,469,900 22,213,400 1.8%-2,256,500
5360M S D Warren Township 7,651,200 8,496,000 7,855,000 2.7% -641,000
5370MSD Washington Township 19,140,000 20,705,700 19,502,300 1.9%-1,203,400
5375M S D Wayne Township 15,439,700 16,542,700 15,691,400 1.6% -851,300
5380Beech Grove City Schools 3,554,900 3,991,800 3,604,000 1.4% -387,800
5385Indianapolis Public Schools 41,766,200 45,044,800 42,695,400 2.2%-2,349,400
5455Culver Community School Corp. 1,834,700 2,079,600 1,899,700 3.5% -179,900
5480Bremen Public Schools 410,300 438,800 425,200 3.6% -13,600
5740Monroe County Com Sch Corp 17,893,900 19,209,100 18,144,200 1.4%-1,064,900
5910Eminence Community School Corp 862,900 987,800 862,900 0.0% -124,900
6340Cannelton City Schools 81,700 85,900 81,800 0.1% -4,100
6460MSD Boone 718,600 787,300 718,600 0.0% -68,700
6470Duneland School Corporation 8,361,400 9,013,700 8,572,300 2.5% -441,400
6530Union Township School Corp 1,849,900 2,073,500 1,874,500 1.3% -199,000
6560Valparaiso Community Schools 6,866,100 7,597,200 7,107,600 3.5% -489,600
7205South Bend Community Sch Corp 29,527,600 32,002,000 29,527,600 0.0%-2,474,400
7495Oregon-Davis School Corp. 854,000 987,900 873,500 2.3% -114,400
7610Hamilton Community Schools 2,413,400 2,874,100 2,573,000 6.6% -301,100
HB 1120 9 Appendix B.
Estimated CY 2025 School Operating Referendum Maximum Levy Change
CorpSchool Corporation
2024
Estimated
Max Levy @
Adjusted
Maximum
Rate
2025
Estimated
Max Levy @
Authorized
Rate
2025
Estimated
Max Levy
Proposed
2025
Est. %
Growth
2025
Potential
Change in
Max Levy
8030Vigo County School Corporation 7,736,800 8,154,600 7,836,800 1.3% -317,800
8355Western Wayne Schools 547,400 582,900 547,400 0.0% -35,500
8425Southern Wells Com Schools 571,900 660,900 590,000 3.2% -70,900
8525Frontier School Corporation 1,086,300 1,300,100 1,117,900 2.9% -182,200
8625Smith-Green Community School Corp. 2,864,400 3,199,300 2,921,200 2.0% -278,100
Total 362,860,500406,449,100371,249,200 2.3%-35,199,900
HB 1120 10 Appendix C.
Estimated CY 2026 School Operating Referendum Maximum Levy Change
CorpSchool Corporation
2025
Estimated
Max Levy @
Adjusted
Maximum
Rate
2026
Estimated
Max Levy @
Authorized
Rate
2026
Estimated
Max Levy
Proposed
2026
Est. %
Growth
2026
Potential
Change in
Max Levy
0125MSD of SW Allen County 6,797,800 8,474,800 7,047,000 3.7%-1,427,800
0365Bartholomew Con School Corp 9,650,600 10,874,200 9,970,400 3.3% -903,800
0395Benton Community School Corp 4,365,000 5,705,100 4,397,100 0.7%-1,308,000
0630Zionsville Community Schools 12,322,100 15,061,400 13,007,700 5.6%-2,053,700
0665Lebanon Community School Corp 3,629,100 6,646,800 3,774,600 4.0%-2,872,200
1315Barr-Reeve Com Schools Inc 1,084,300 1,348,700 1,150,700 6.1% -198,000
2100Southeast Dubois County School Corp 1,002,200 1,231,300 1,026,100 2.4% -205,200
2285Wa-Nee Community School Corp. 1,585,600 1,929,200 1,624,600 2.5% -304,600
2315Goshen Community Schools 5,739,000 7,015,000 5,846,100 1.9%-1,168,900
3030Westfield-Washington Schools 10,352,400 13,094,800 11,057,100 6.8%-2,037,700
3070Noblesville Schools 20,595,700 25,860,000 21,198,200 2.9%-4,661,800
3135Mt Vernon Community Sch Corp 3,218,600 5,203,600 3,410,800 6.0%-1,792,800
3160Lanesville Community School Corp 493,100 619,000 509,500 3.3% -109,500
3315Avon Community School Corp. 17,147,200 20,507,500 17,988,700 4.9%-2,518,800
4145Clark-Pleasant School Corp. 3,095,000 3,881,600 3,202,500 3.5% -679,100
4215Edinburgh Community School Corp 878,300 1,040,100 899,200 2.4% -140,900
4225Franklin Community School Corp. 5,150,100 6,128,400 5,266,100 2.3% -862,300
4515Prairie Heights School Corp. 2,360,100 2,850,200 2,433,700 3.1% -416,500
4525Westview School Corporation 4,959,300 6,087,500 5,060,100 2.0%-1,027,400
4580Hanover Community School Corp 4,953,000 5,947,600 5,274,600 6.5% -673,000
4590River Forest Community Sch Corp 2,785,200 3,055,800 2,867,600 3.0% -188,200
4615Lake Central School Corporation 10,961,200 12,601,300 11,212,400 2.3%-1,388,900
4660Crown Point Community School Corp. 8,448,700 9,778,700 8,800,100 4.2% -978,600
4680Lake Station Community Schools This referendum expires in CY 2025.
4700Griffith Public School Corporation 3,062,900 3,745,300 3,086,500 0.8% -658,800
4710School City of Hammond 15,121,400 17,236,700 15,121,400 0.0%-2,115,300
4730School City of Hobart 2,668,000 3,119,800 2,757,500 3.4% -362,300
5275Anderson Community School Corp. 2,380,900 2,692,200 2,380,900 0.0% -311,300
5300M S D Decatur Township 7,811,400 9,140,600 8,004,900 2.5%-1,135,700
5340M S D Perry Township 22,213,400 26,615,900 22,584,600 1.7%-4,031,300
5360M S D Warren Township 7,855,000 9,136,600 8,024,400 2.2%-1,112,200
5370MSD Washington Township 19,502,300 22,432,500 19,691,800 1.0%-2,740,700
5375M S D Wayne Township 15,691,400 17,732,200 16,051,300 2.3%-1,680,900
5380Beech Grove City Schools 3,604,000 4,316,000 3,604,000 0.0% -712,000
5385Indianapolis Public Schools 42,695,400 48,382,600 43,859,200 2.7%-4,523,400
5455Culver Community School Corp. 1,899,700 2,200,200 2,003,600 5.5% -196,600
5480Bremen Public Schools 425,200 467,700 437,100 2.8% -30,600
5740Monroe County Com Sch Corp 18,144,200 20,609,400 18,571,600 2.4%-2,037,800
5910Eminence Community School Corp 862,900 1,090,200 862,900 0.0% -227,300
6340Cannelton City Schools 81,800 90,000 81,800 0.0% -8,200
6460MSD Boone 718,600 857,800 722,600 0.6% -135,200
6470Duneland School Corporation 8,572,300 9,661,800 8,784,600 2.5% -877,200
6530Union Township School Corp 1,874,500 2,257,200 1,923,600 2.6% -333,600
6560Valparaiso Community Schools 7,107,600 8,204,300 7,375,200 3.8% -829,100
7205South Bend Community Sch Corp 29,527,600 34,856,600 29,527,600 0.0%-5,329,000
7495Oregon-Davis School Corp. 873,500 1,068,900 888,200 1.7% -180,700
7610Hamilton Community Schools 2,573,000 3,136,700 2,769,800 7.6% -366,900
HB 1120 11 Appendix C.
Estimated CY 2026 School Operating Referendum Maximum Levy Change
CorpSchool Corporation
2025
Estimated
Max Levy @
Adjusted
Maximum
Rate
2026
Estimated
Max Levy @
Authorized
Rate
2026
Estimated
Max Levy
Proposed
2026
Est. %
Growth
2026
Potential
Change in
Max Levy
8030Vigo County School Corporation 7,836,800 8,580,300 7,996,200 2.0% -584,100
8355Western Wayne Schools 547,400 617,000 547,400 0.0% -69,600
8425Southern Wells Com Schools 590,000 727,700 615,100 4.3% -112,600
8525Frontier School Corporation 1,117,900 1,408,100 1,159,600 3.7% -248,500
8625Smith-Green Community School Corp. 2,921,200 3,517,000 2,971,500 1.7% -545,500
Total 369,853,900438,843,900379,429,800 2.6%-59,414,100
HB 1120 12