State tax changes push Brownsburg toward a small tax-rate increase

Town staff warned the council that state-level changes to assessed-value calculations and exemptions have reduced taxable assessed value in many communities and will push a modest tax-rate increase locally. "Even with this budget being pretty steady, the tax rate will go up a tick... it's an increase of 2.6% over last year," the presenter said.

Staff walked through specific statutory changes cited in the presentation: the supplemental homestead deduction rising (noted movement from 40% to 46% in the presentation), a change to the personal-property floor that reduced taxable personal property and other deductions that together reduced AV in some areas. Staff said those statutory and administrative changes are the primary drivers, and that the town remains one of the few seeing a small AV gain.