Indiana legislation · 2026 Regular Session
Indiana SB232: Real property appraisals.
Status: Signed into law, March 3, 2026
Allows the city of Gary to hire an appraiser to conduct appraisals of residential and commercial properties to assist the city with disposing of the city's real property. Prohibits an employee or appointed or elected official of the city from purchasing property that is appraised by the appraiser.
What the bill says
An act to amend the Indiana Code concerning local government.
From the enrolled text:
AN ACT to amend the Indiana Code concerning local government. SECTION 1. IC 36-1-11-19 IS ADDED TO THE INDIANA CODE AS A NEW SECTION TO READ AS FOLLOWS [EFFECTIVE JULY 1, 2026]: Sec. 19. (a) This section applies to a city having a population of more than sixty-nine thousand (69,000) and less than sixty-nine thousand five hundred (69,500). (b) A city may hire an appraiser to conduct a series of appraisals and (2) ten (10) commercial properties of not less than five (5) acres, located throughout the city; each year to assist the city with disposing of the city's real property. An appraisal conducted under this section may be used by the city to meet the appraisal requirements under section 4(b) of this chapter and IC 36-7-14-22.7(b). (c) The city shall post the following information on the city's website, updated on an annual basis, after receiving appraisals under subsection (b): (1) The average value per square foot of the appraised residential properties. (2) The average value per acre of the appraised commercial properties. SEA 232 The city may use the average values under this subsection to establish a minimum offering price for the sale of the city's residential and commercial properties during the applicable year. (d) An employee or appointed or elected officer of the city may not purchase a …
Sponsors
- Mark Spencer (D, SD-003) · primary sponsor
- Dernulc, Dan (R)
- Ed Charbonneau (R, SD-005)
- Lonnie Randolph (D, SD-002)
- La Keisha Jackson (D, SD-034)
- Greg Taylor (D, SD-033)
- Shelli Yoder (D, SD-040)
- Mike Bohacek (R, SD-008)
Latest actions
- : Public Law 46
- : Signed by the Governor
- : Signed by the President of the Senate
- : Signed by the Speaker
- : Signed by the President Pro Tempore
- : Returned to the Senate without amendments
- : Third reading: passed; Roll Call 309: yeas 93, nays 2
- : Second reading: ordered engrossed
- : Representatives Smith V, Borders added as cosponsors
- : Committee report: do pass, adopted
Votes
- SB0232.04.COMH (February 23, 2026): 93 yea, 2 nay, passed
- SB0232.03.ENGS (January 26, 2026): 44 yea, 0 nay, passed
Subjects: REAL ESTATE APPRAISERS, BROKERS, AND SALESPERSONS, PROPERTY; Generally, CITIES; Gary, PROPERTY; Housing, PROPERTY; Real Estate, LOCAL GOVERNMENT; Contracts, Procurements, and Purchases
Common questions
- What is SB232?
- SB232 is a bill in the Indiana Legislature (2026 Regular Session): Real property appraisals.
- What does SB232 do?
- In its own words: An act to amend the Indiana Code concerning local government.
- What is the status of SB232?
- Signed into law as of March 3, 2026. Latest action: Public Law 46 (March 3, 2026).
- Who sponsored SB232?
- Mark Spencer (D, SD-003), with 7 co-sponsors.
- Where is the official record for SB232?
- On the Indiana Legislature website: https://iga.in.gov/legislative/2026/bills/senate/232
Source: official Indiana record. Tracked by Delilah, AI for legislation across all 50 states and Congress.