This paper articulates a case for Indiana to exempt all non-land property from the taxable portion of the property tax base.This moves the state closer to a tax system that has great support among economists for its advantages in HAIR CAR encouraging economic growth, progressivity, and reducing environmental damage from urban sprawl.Indiana might particularly benefit from a land only tax because of its unique system of property tax caps.The merits of this approach hinge on driving a wedge between gross assessed value and net Bumpers taxable value.Future empirical research is needed to determine the distributional impact that would result from such a policy change.