§ 6-1.1-12-14.5 — Deduction for disabled veteran; homestead conveyed without consideration; nonprofit organization

Indiana § 6-1.1-12-14.5

• Jurisdiction: Indiana
• Art. 1.1: PROPERTY TAXES
• Ch. 12: Assessed Value Deductions and Deduction Procedures

Text

5. (a) As used in this section, "homestead"
has the meaning set forth in section 37 of this chapter.
(b) An individual may claim a deduction from the assessed value of
the individual's homestead if:
(1) the individual served in the military or naval forces of the
United States for at least ninety (90) days;
(2) the individual received an honorable discharge;
(3) the individual has a disability of at least fifty percent (50%);
(4) the individual's disability is evidenced by:
(A) a pension certificate or an award of compensation issued by
the United States Department of Veterans Affairs; or
(B) a certificate of eligibility issued to the individual by the
Indiana department of veterans' affairs after the Indiana
department of veterans' affairs has determined that the
individual's disability qualifies the individual to receive a
deduction under this section; and
(5) the homestead was conveyed without charge to the individual
who is the owner of the homestead by an organization that is
exempt from income taxation under the federal Internal Revenue
Code.
(c) If an individual is entitled to a deduction from assessed value
under subsection (b) for the individual's homestead, the amount of the
deduction is determined as follows:
(1) If the individual is totally disabled, the deduction is equal to
one hundred percent (100%) of the assessed value of the
homestead.
(2) If the individual has a disability of at least ninety percent
(90%) but the individual is not totally disabled, the deduction is
equal to ninety percent (90%) of the assessed value of the
homestead.
(3) If the individual has a disability of at least eighty percent
(80%) but less than ninety percent (90%), the deduction is equal
to eighty percent (80%) of the assessed value of the homestead.
(4) If the individual has a disability of at least seventy percent
(70%) but less than eighty percent (80%), the deduction is equal
to seventy percent (70%) of the assessed value of the homestead.
(5) If the individual has a disability of at least sixty percent (60%)
but less than seventy percent (70%), the deduction is equal to
sixty percent (60%) of the assessed value of the homestead.
(6) If the individual has a disability of at least fifty percent (50%)
but less than sixty percent (60%), the deduction is equal to fifty
percent (50%) of the assessed value of the homestead.
(d) An individual who claims a deduction under this section for an
assessment date may not also claim a deduction under section 13 or 14
of this chapter for that same assessment date.
(e) An individual who desires to claim the deduction under this
section must claim the deduction in the manner specified by the
department of local government finance.

Legislative History

As added by P.L.100-2016, SEC.2. Amended by P.L.68-2025, SEC.26; P.L.230-2025, SEC.33.