History Of The Inheritance Tax

Home » Residents » County Assessor » Inheritance Tax » History Of The Inheritance Tax

Mike Schultz County Assessor

Mike Schultz,

Assessor

555 Michigan Avenue, Suite 103
La Porte, IN 46350
Phone: 219-326-6808 ext. 2393
Fax: 219-326-7084
mschultz@laportecounty.org

OFFICE HOURS

8:00 AM – 4:00 PM

Monday – Friday

Beacon Logo

The Indiana Legislature voted the Indiana Inheritance Tax into effect on May 1, 1913. This act taxed both collateral relatives (descending ancestors, but not in a direct line) and provided for progressive rates of taxation. A traditionally conservative state, Indiana was the forty-second state to ratify some form of death transfer taxation.

All bank accounts are frozen with the exception of accounts that are titled jointly between husband and wife and non-interest checking accounts. In the case of a bank account where a tax may be due by the joint owner, the County Assessor’s Office may hold 20% of the total value of such property until the inheritance tax is satisfied.

Safe Deposit boxes are no longer inventoried by the County Assessor as of July 1, 1999.

Get In Touch

Need to talk to someone? Can’t find what you’re looking for?
Let’s try to get you to the information you need

Contact Us