diff --git a/CHANGELOG.md b/CHANGELOG.md
index 594b130ee0..ad5cf178e4 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -54,6 +54,7 @@ At this point in time, it is not yet decided what the next steps will be. Ktlint
 * Ignore property with name `serialVersionUID` in `property-naming` ([#2045](https://github.com/pinterest/ktlint/issues/2045))
 * Prevent incorrect reporting of violations in case a nullable function type reference exceeds the maximum line length `parameter-list-wrapping` ([#1324](https://github.com/pinterest/ktlint/issues/1324)) 
 * Prevent false negative on `else` branch when body contains only chained calls or binary expression ([#2057](https://github.com/pinterest/ktlint/issues/2057))
+* Fix indent when property value is wrapped to next line ([#2095](https://github.com/pinterest/ktlint/issues/2095)) 
 
 ### Changed
 
diff --git a/ktlint-ruleset-standard/src/main/kotlin/com/pinterest/ktlint/ruleset/standard/rules/PropertyWrappingRule.kt b/ktlint-ruleset-standard/src/main/kotlin/com/pinterest/ktlint/ruleset/standard/rules/PropertyWrappingRule.kt
index 88f3afdd43..2ffdb330c1 100644
--- a/ktlint-ruleset-standard/src/main/kotlin/com/pinterest/ktlint/ruleset/standard/rules/PropertyWrappingRule.kt
+++ b/ktlint-ruleset-standard/src/main/kotlin/com/pinterest/ktlint/ruleset/standard/rules/PropertyWrappingRule.kt
@@ -146,7 +146,7 @@ public class PropertyWrappingRule :
         )
         LOGGER.trace { "$line: " + ((if (!autoCorrect) "would have " else "") + "inserted newline before ${node.text}") }
         if (autoCorrect) {
-            node.upsertWhitespaceBeforeMe(node.indent())
+            node.upsertWhitespaceBeforeMe(indentConfig.childIndentOf(node))
         }
     }
 
diff --git a/ktlint-ruleset-standard/src/test/kotlin/com/pinterest/ktlint/ruleset/standard/rules/PropertyWrappingRuleTest.kt b/ktlint-ruleset-standard/src/test/kotlin/com/pinterest/ktlint/ruleset/standard/rules/PropertyWrappingRuleTest.kt
index 8cadc91bd3..52535a0d16 100644
--- a/ktlint-ruleset-standard/src/test/kotlin/com/pinterest/ktlint/ruleset/standard/rules/PropertyWrappingRuleTest.kt
+++ b/ktlint-ruleset-standard/src/test/kotlin/com/pinterest/ktlint/ruleset/standard/rules/PropertyWrappingRuleTest.kt
@@ -24,7 +24,6 @@ internal class PropertyWrappingRuleTest {
             """.trimIndent()
         propertyWrappingRuleAssertThat(code)
             .setMaxLineLength()
-            .addAdditionalRuleProvider { IndentationRule() }
             .hasLintViolation(2, 34, "Missing newline after \":\"")
             .isFormattedAs(formattedCode)
     }
@@ -46,7 +45,6 @@ internal class PropertyWrappingRuleTest {
             """.trimIndent()
         propertyWrappingRuleAssertThat(code)
             .setMaxLineLength()
-            .addAdditionalRuleProvider { IndentationRule() }
             .hasLintViolation(2, 30, "Missing newline before \"TypeWithALongName\"")
             .isFormattedAs(formattedCode)
     }
@@ -69,7 +67,6 @@ internal class PropertyWrappingRuleTest {
             """.trimIndent()
         propertyWrappingRuleAssertThat(code)
             .setMaxLineLength()
-            .addAdditionalRuleProvider { IndentationRule() }
             .hasLintViolations(
                 LintViolation(2, 50, "Missing newline after \"=\""),
                 LintViolation(3, 49, "Missing newline before \"TypeWithALongName(123)\""),
@@ -93,7 +90,6 @@ internal class PropertyWrappingRuleTest {
             """.trimIndent()
         propertyWrappingRuleAssertThat(code)
             .setMaxLineLength()
-            .addAdditionalRuleProvider { IndentationRule() }
             .hasLintViolation(2, 50, "Missing newline before \"TypeWithALongName(123)\"")
             .isFormattedAs(formattedCode)
     }