Indiana Homestead Standard Deduction

Indiana Department of Local Government Finance

Available Property Tax Relief

About This Program

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

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

A grant-savvy contractor in Gary, IN can handle the paperwork, inspections, and timelines so your funding releases on schedule. Getting matched is free.

Deadline: File annually with county assessor by May 10

Need a Contractor for This Grant?

Grant-approved contractors understand the documentation, inspections, and timelines, so your funding releases on schedule.

Find More Programs in Gary, IN

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