On March 3, 2026, the Pittsboro Town Council voted 4-1 on a tax break for Faith Technologies. The company is building a 500,000-square-foot plant north of I-74 and east of Jeff Gordon Boulevard. The council gave the building a tax break that starts at 100% and falls to 5% over ten years. It refused any break on the equipment inside. That vote got little attention outside Hendricks County. For a buyer weighing Pittsboro against Brownsburg or Lizton, it is one of the more useful things to understand about the town. County assessment records show the residential share of Pittsboro's taxable base getting smaller, so the way the town taxes industry now does more to decide how its growth gets paid for.
The Plant Moved Faster Than the Paperwork
Faith Technologies announced the project on April 9, 2026. It is a $67.5 million manufacturing facility, with up to 200 jobs targeted by the end of 2027. It is the first building in Opus's 170-acre Pittsboro Commerce Center. Opus has said it is finishing grading, access roads, and utilities across the site, with more phases planned.
The council minutes describe how the tax-break request reached a vote. The company applied on November 11, 2025. The town's confirmatory resolution listed a $39 million building on about 48 acres and roughly $13.5 million in personal property, meaning equipment. At the March hearing, Councilor Terry Northern said the council had let the company start work at its own risk. He added that "by the time we heard about the project there was already dirt moved and pad and lime had been laid and stabilized."
A month earlier, Northern had put a number on the original request. Using figures from an economic analysis by FSG, he said the proposed break would remove $3,645,378 from the tax rolls in its first ten years, plus $662,796 in personal property tax. His memo put the combined total at $4,318,174, though those two figures add up to $4,308,174. He proposed pausing all tax breaks until the town had an infrastructure master plan with cost estimates. Either way, that roughly $4.3 million covered the earlier proposal. The council later changed the terms, so it is not the cost of the break that was approved.
At the March public hearing, Middle Township Trustee Timothy Griffin explained why the equipment mattered:
"However, personal property should not be abated period. Especially when development comes in because personal property is front loaded... The Fire Dept. needs funding; the schools need funding and the Town needs funding. And the only way we will get any funding is by personal property."
The council followed that reasoning. It approved the falling building schedule and removed the equipment break entirely. Council President Jarod Baker said a $300,000 payment that had been discussed was gone too, because it was tied to the equipment break.
Why the Homestead Slice Is Shrinking
The town's own assessment numbers explain why Griffin's point carries weight. Hendricks County's 2026 Certificate of Net Assessed Value includes a real-property summary for the Town of Pittsboro as its own tax unit. Net assessed value is what is left after deductions, and it is the base the tax rate is charged against.
| Town of Pittsboro, real property | Pay 2025 | Pay 2026 | Pay 2027 |
|---|---|---|---|
| Total assessed value | $557,885,800 | $602,988,556 | $603,782,256 |
| Supplemental standard homestead deduction | $139,504,061 | $161,071,422 | $187,797,398 |
| Net valuation | $339,290,699 | $352,865,304 | $342,482,482 |
| Net homestead value | $230,988,699 | $239,990,618 | $220,877,158 |
| Homesteads as a share of net valuation | About 68% | About 68% | About 64.5% |
The pay-2027 column comes from the county's certificate, not from a final tax bill. Total assessed value is basically flat from 2026 to 2027. The supplemental homestead deduction, which reduces the taxable value of owner-occupied homes, grows by more than $26 million. As a result, the taxable value of owner-occupied homes drops by about $19 million in a single year, and homesteads fall from about two-thirds of the town's net real-property base to about 64.5%.
That deduction is part of Indiana's 2025 property tax law, Senate Enrolled Act 1. In a January 2026 commentary, the Indiana Capital Chronicle compared a maximum $300 annual cut for a $400,000 homeowner with a $12,000 cut for a business holding $400,000 in personal property. It argued the law will reduce local government revenue over time.
Put those two facts next to each other. Homes account for a shrinking share of what Pittsboro can tax. New commercial value, such as a $13.5 million equipment base that is taxed from day one, fills more of the gap. The council's March vote amounts to a decision to rely more on that kind of value.
The town's tax rate shows how small these changes look year to year. The certified rate for the Town of Pittsboro district was $2.4942 per $100 of assessed value for pay-2024. It was $2.4548 for pay-2025 and $2.4931 for pay-2026. For comparison, pay-2026 rates in the same county order are $2.7114 for the Town of Brownsburg and $1.8956 for the Town of Plainfield. A rate is only the share the levy takes from the base. When the homestead part of the base shrinks, the rest of the base has to carry more of the levy.
The Infrastructure Bill Has No Total Yet
The second half of the math is cost, and that number is still incomplete. On March 17, 2026, Building Planner Aaron Kaytar presented five-year cost estimates for roads, water, sewer, and storm drainage north of I-74, with a 7.5% inflation factor and a 20% to 30% contingency. Consultant Eric Wathen of ELW Consulting said the figures left out lift stations and right-of-way costs. Staff said they did not include extra booster stations either. Northern asked about water towers.
Water towers matter here. Northern's February memo said Faith Technologies needs 300,000 gallons of storage for its own fire protection, and that the company had declined to help build a municipal water tower. He also asked when the area north of the interstate would need its own fire station.
The town's working idea is a fee added to building permits, scaled to a development's square footage and type of use. Town staff pointed to an earlier example. When Woodridge Commons was built, the developer did not have the money to install electric service, so a fee was added to each permit until the balance was paid off. Staff asked the council to rank the projects so the town could start budgeting, and recommended a formal capital improvement plan.
What Is Actually Planned at the Interchange
Most of this hinges on a few sites near I-74 and Jeff Gordon Boulevard, and they are at very different stages.
- Faith Technologies. The plant is under construction, according to the town's August 25, 2026 staff report.
- S&D Fuel's Pittsboro Travel Center. On August 25, 2026, the Plan Commission recommended rezoning 15 acres at I-74 and Jeff Gordon Boulevard. One condition is a town contribution toward a traffic signal. The staff report describes a fuel station, convenience store, and truck wash reached from the newly built Burro Boulevard, partly so traffic does not back up onto Jeff Gordon and the interstate ramp. No final Town Council vote on the rezoning has been confirmed.
- The Vantage Data Centers proposal. In March 2025 the council voted 5-0 to rezone roughly 626 acres for a proposed campus. In April 2025, residents sued to void the annexation and rezoning. Council President Jarod Baker has told IBJ he considers the project "on hold." The August 2026 staff report calls the land the "former data center site." No cancellation or court ruling has been announced.
The staff report asks for the traffic study done for the data center site to be updated to include traffic from Faith Technologies and the travel center. Depending on the results, a traffic light may be needed.
A Small Housing Market That Is Tighter Than the County
Pittsboro is a small housing market, which makes these decisions matter more to anyone buying here. Indiana REALTORS data for ZIP 46167 shows 9 closed sales in August 2026, a median sale price of $409,999, and 1.6 months of inventory. Nine sales is too few for the median to settle much. The inventory figure is more telling.
Hendricks County as a whole had a $345,000 median in August 2026, down 6% from a year earlier. Inventory was 2.3 months, and median days from listing to pending rose 41% to 26. The county market is loosening. Pittsboro's supply is still tighter than the county's, and the town is making long-term infrastructure decisions at the same time.
Questions Worth Asking Before an Offer
None of this is tax advice. It does point to questions a buyer can get answered from public records:
- Has the Town Council adopted a capital improvement plan for the area north of I-74? If so, which road, water, and sewer projects come first?
- Has a per-permit infrastructure fee been adopted? Does it apply to the subdivision you are considering?
- What did the updated traffic study for Jeff Gordon Boulevard find? Has the travel center rezoning had its final council vote?
- What do the county assessment records show for the specific home you are considering, including its homestead deductions?
A Few Direct Answers
Is the data center being built? No construction has been confirmed. Town staff call the land the "former data center site," and the council president has described the project as on hold. Neither statement is a formal cancellation.
Did Faith Technologies get a tax break? Yes, on the building only. The break starts at 100% in year one and falls to 5% by year ten. The council removed any break on equipment.
Will this change my tax bill? The records here do not answer that for any single home. They show a town relying more on commercial value, with infrastructure costs that have not been fully totaled.
If you are comparing Pittsboro with other Hendricks County towns and want help reading these records alongside the homes you are considering, Nathan Pfahler and the Premier Partners team can walk through the council minutes, the assessment figures, and the interchange plans with you, in English or Spanish. Contact Us.
