Homeowners and renters are missing out on millions of dollars in tax relief. Use the resources below to learn more.
Indiana
You may be eligible to receive money back
Indiana Program Overview
Property Tax-Aide features the Over 65 Deduction from Assessed Valuation, Over 65 Circuit Breaker Credit, Homestead Standard Deduction and Supplemental Deduction, and the Mortgage Deduction of Assessed Valuation programs.
The information on this page is updated as new information becomes available by the relevant tax agencies.
Over 65 Deduction from Assessed Valuation
If you receive the over 65 or surviving spouse deduction, you will receive a reduction in your home’s assessed value of $14,000 or half the assessed value, whichever is less. The lower the assessed value of your home, the smaller your property tax bill.
Eligibility
You must meet these requirements to receive the deduction:
- Turned 65 or older by December 31 of the prior year
- You can also receive the deduction if your spouse was 65 or older at the time of death. You must be 60 or older and have not remarried.
- Own or have been paying on a recorded contract for at least one year.
- Live in the property as your primary residence.
- Have a combined adjusted gross income of $40,000 or less for the prior year ($30,000 if individual filing a single return). This income includes that of your spouse and all others who own or pay rent on the property.
- Have an assessed property value of $240,000 or less.
- Receive no other property tax deductions except the mortgage, homestead standard and supplemental deductions, and the fertilizer storage deduction.
Application Deadline
- The application must be completed and dated in the calendar year for which the person wishes to obtain the deduction and filed with the county on or before January 5 of the immediately succeeding calendar year.
Required Documentation
- The application, state form 43708, must be signed
- Copy of applicant’s and applicant’s spouse federal income tax return, including source and exact amount of gross income of applicant and spouse.. Federal income tax returns (Form 1040) filed for the calendar year preceding by 2 years the calendar years the calendar year in which the property taxes are first due. (i.e., the 2021 return is required for 2022 application for the deduction applied to the 2023 tax bill)
- Description and assessed value of the real property or mobile or manufactured home
Additional Information & Resources
For additional details on property tax deductions, visit https://www.in.gov/dlgf/deductions-property-tax/
Forms must be filed at the county auditor’s office in the county where the homestead is located.
County auditors are the best point of contact for questions regarding deductions and eligibility. Please refer to this master list of Indiana auditors by county to locate yours.
Over 65 Circuit Breaker Credit
The Over 65 Circuit Breaker Credit provides a credit equal to the tax liability that exceeds the prior year’s liability by 2%. This program prevents the property tax liability on qualified homestead property from increasing by more than 2% over the previous year’s tax liability.
Eligibility
- Applicant must be a permanent resident of Indiana and own the property at least one year prior to claiming the deduction.
- Applicant has qualified for the homestead standard deduction on the property this year and last year.
- The applicant must be at least 65 years on or before December 31 of the calendar year immediately preceding the calendar year in which the property taxes are first due.
- The adjusted gross income of the individual claiming the credit cannot exceed $30,000 or the combined adjusted gross income of the individual and his or her spouse cannot exceed $40,000.
- If the applicant received the Circuit Breaker credit before January 1, 2020, the assessed value of the homestead property had to be less than $200,000. If the applicant received the credit after December 31, 2019, the assessed value of all Indiana real property had to be less than $200,000.
Application Deadline
The application, form 43708, must be completed and dated in the calendar year for which the person wishes to obtain the deduction and filed with the county on or before January 5 of the immediately succeeding calendar year.
- For example, a homeowner who completes and dates an application for a deduction by December 31, 2022, and files the application on or before January 5, 2023, will see the deduction applied to his 2022 pay 2023 tax bill.
Required Documentation
- Applications for the Over 65 Deduction and Over 65 Circuit Breaker Credit must be filed separately.
- Federal income tax returns (Form 1040) filed for the calendar year preceding by 2 years the calendar year in which the property taxes are first due and payable (i.e. the 2021 return is required for 2022 application for the deduction applied to the 2023 tax bill)
Additional Information & Resources
Forms must be filled at the county auditor’s office in the county where the homestead is located.
County auditors are the best point of contact for questions regarding deductions and eligibility. Please refer to this master list of Indiana auditors by county to locate yours.
Homestead Standard Deduction and Supplemental Deduction
The Homestead Standard Deduction is allowed for each qualified homestead.
Eligibility
- The individual owns the Indiana property and it is the principal place of residence.
- The homestead includes the dwelling and the real estate, up to one acre of land. A mobile home that is not assessed as real property is eligible.
- No portion of a residential dwelling that is income-producing is eligible for the homestead exemption.
- The supplemental deduction applies after the application of the standard deduction but before the application of any other deduction, exemption, or credit for which the person is eligible.
Application Deadline
The application must be completed and dated in the calendar year for which the person wishes to obtain the deduction and filed with the county on or before January 5 of the immediately succeeding calendar year.
Required Documentation
- An application must be filed. The application includes the parcel number of the property, name of applicant and spouse.
- The application requires either the last five digits of the Social Security number or Indiana driver’s license.
Additional Information & Resources
For additional details on property tax deductions, visit https://www.in.gov/dlgf/deductions-property-tax/
Forms must be filed at the county auditor’s office in the county where the homestead is located.
County auditors are the best point of contact for questions regarding deductions and eligibility. Please refer to this master list of Indiana auditors by county to locate yours
Mortgage Deduction from Assessed Valuation
Homeowners, including those mobile or manufactured homeowners, may deduct the lesser of the outstanding mortgage or contract indebtedness, including a home equity line of credit, or half the assessed value or $3,000.
Eligibility
- The applicant must be a resident of Indiana and own the real property located in Indiana.
- The mortgage, contract, or memorandum must be recorded in the county recorder’s office.
Application Deadline
- The application must be completed and dated in the calendar year for which the person wishes to obtain the deduction and filed with the county on or before January 5 of the immediately succeeding calendar year.
- Application (Form 43709) may be filed in person or by mail. If mailed, the mailing must be postmarked before the last day for filing.
- Once the application is in effect no other filing is necessary unless there has been a change
Required Documentation
- The application (Form 43709) is needed when the deduction is first applied for.
Additional Information & Resources
For additional details on property tax deductions, visit https://www.in.gov/dlgf/deductions-property-tax/
Forms must be filed at the county auditor’s or county recorder’s office in the county where the property is located.
County auditors are the best point of contact for questions regarding deductions and eligibility. Please refer to this master list of Indiana auditors by county to locate yours.
Your Resources
Your state accepts digital and mailed applications
Property Tax-Aide has independently selected the property tax relief programs featured on this website that we think are the most relevant and beneficial to older adults. It is not an exhaustive list of all property tax relief programs available in each state. Please consult your local tax agency for a comprehensive listing of property tax relief programs in your area.