History Of The Inheritance Tax

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Mike Schultz County Assessor

Mike Schultz,


555 Michigan Avenue, Suite 103
La Porte, IN 46350
Phone: 219-326-6808 ext. 2393
Fax: 219-326-7084
[email protected]


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.

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