Does Indiana Have Homestead Exemption

The two homestead deductions available to Marion County and City of Indianapolis residents are the standard homestead deduction and the supplemental homestead deduction. … The standard homestead deduction is either 60% of your property’s assessed value or a maximum of $45,000, whichever is less.

How do you qualify for homestead exemption in Indiana?

To qualify for the homestead credit in Indiana, you must reside in your own home, which includes mobile and manufactured homes, on land not exceeding one acre and you must have owned the property by March 1 of the current property tax year.

What age do you stop paying property taxes in Indiana?

Over 65 or Surviving Spouse Deduction The lower the assessed value of your home, the smaller your property tax bill. You must meet these requirements to receive the deduction: Turned 65 or older by December 31 of the prior year.