Indiana Homestead Standard Deduction

Indiana Department of Local Government Finance

Available Property Tax Relief

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Availability: Available
Listed amount: Up to 60% assessed value reduction

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About This Program

The Grant Map catalogs Indiana Homestead Standard Deduction in its Gary, IN research directory. The record carries audience tags for homeowners; those tags do not establish eligibility or current service coverage.

Indiana homeowners who occupy their home as their principal residence can receive a standard deduction reducing the assessed value of their home by up to 60% or a maximum of $48,000, whichever is less.

Annual property tax savings varies by local tax rate and home value

The cited program-specific URL responded on 2026-09-18; confirm current terms.

Record set last reviewed 2026-06-09. How we verify our data.

Other published resources for Gary, IN, are listed below. Review each separately and ask the administrators whether they can coordinate funding for the same work:

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EPA / WIIN Act Lead Service Line Replacement Local lead-service-line replacement assistance varies; contact your water utility

Key Details

Up to 60% reduction in assessed home value
Maximum deduction of $48,000
Must be your principal residence
File annually with Lake County Assessor
No income requirement

How to Apply

Confirm the current application route with the administrator. Verified official forms and steps appear below when available.

Prepare your application

Review the likely documents and download a blank preparation checklist. The blank PDF does not include saved personal details.

Verified form to review: Claim for Homestead Property Tax Standard / Supplemental Deduction (State Form 5473 / HC10)

The Homestead Standard Deduction lowers the taxable assessed value of the Indiana home you own and occupy as your principal residence, and it unlocks an additional supplemental deduction. You file the homestead claim (State Form 5473, the HC10) once with your county auditor and do not reapply each year.

Steps to apply

Confirm you own and occupy the Indiana home as your principal place of residence and do not claim a homestead elsewhere.
Get the Homestead Deduction claim form (State Form 5473 / HC10) from the Indiana DLGF.
Complete it with the property and owner information, including the last five digits of the owner's ID.
File it with your county auditor by the December 31 deadline to apply to the next year's bill.

Get the official form

Documents you will likely need

Proof you own and occupy the home as your principal residence.
The owner's Social Security number and driver license or state ID (last digits) as the form requires.
The property's parcel or key number.
The completed homestead claim form.

Download blank checklist (PDF)

Already sent us your project details? Sign in to download a preparation sheet with those details. For supported VA programs, you can also get a partially completed official form.

Open my application tools

Requirements vary by program and locality. Confirm the exact rules and application route with the administrator. We can help you prepare your paperwork, but you submit it yourself.

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Program phone: (219) 755-3070

Some programs require contractor estimates, licenses, or inspections. A cited link may be general, so confirm the current rules with the administrator before hiring; a directory match does not guarantee contractor eligibility or funding.

Deadline: File annually with county assessor by May 10

Questions about this program?

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Frequently asked questions

What amount is listed for Indiana Homestead Standard Deduction in Gary, IN?

The Grant Map record states: Up to 60% assessed value reduction. Confirm the current amount and eligible costs with the administrator.

What audience tags are recorded for Indiana Homestead Standard Deduction in Gary?

The directory record carries audience tags for homeowners. It also carries a no-income-limit tag. These tags do not establish eligibility; confirm the complete current rules with the administrator.

How do I apply for Indiana Homestead Standard Deduction in Gary, IN?

Confirm the application route directly with Indiana Department of Local Government Finance; use the cited source on this page as a starting point or call (219) 755-3070. Confirm any fee or cost with the administrator. Deadline: File annually with county assessor by May 10.

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