Indiana Homestead Standard Deduction

Indiana Department of Local Government Finance

Available Property Tax Relief

About This Program

Automatic 60% reduction in assessed value for owner-occupied primary residences in Indiana. Reduces the taxable value of your homestead, lowering your annual property tax bill. Must be your principal place of residence as of January 1 of the tax year.

Tax savings based on median Zionsville home value and typical tax rate

Official program page checked live on 2026-06-17.

Data last verified 2026-06-09. How we verify our data.

Key Details

  • 60% assessed value reduction for primary residence
  • Available to all Indiana homeowners
  • No income restrictions
  • Must file once; automatically renewed
  • Applies only to owner-occupied homes

How to Apply

Get free help applying Visit Official Program Page Track this program

(765) 482-3910

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Your application paperwork

Form to file: 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

  1. Confirm you own and occupy the Indiana home as your principal place of residence and do not claim a homestead elsewhere.
  2. Get the Homestead Deduction claim form (State Form 5473 / HC10) from the Indiana DLGF.
  3. Complete it with the property and owner information, including the last five digits of the owner's ID.
  4. 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 this checklist (PDF)

Requirements vary by program and locality. Confirm the exact rules on the official program page. We can help you prepare your paperwork, but you submit it yourself.

Deadline: File with County Auditor by appropriate deadline

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