§ 6-1.1-52-7 — Application for property tax deferral; limitation on deferral amount; accrued interest

Indiana § 6-1.1-52-7

• Jurisdiction: Indiana
• Art. 1.1: PROPERTY TAXES
• Ch. 52: County Option Homestead Property Tax Deferral

Text

(a) Beginning with property taxes first due and
payable in 2026, and subject to subsection (g), a qualified individual
in a county with a homestead property tax deferral program may apply
to the county auditor to defer the due date for the qualified individual's
homestead property tax liability as permitted under this chapter.
(b) A qualified individual may defer at least one hundred dollars
($100), but not more than five hundred dollars ($500), of the qualified
individual's homestead property tax liability in a given calendar year.
(c) Except as provided in subsections (d) and (f), amounts deferred
under this chapter for prior years may continue to accumulate until the
delayed due date under this chapter.
(d) A qualified individual may not defer more than ten thousand
dollars ($10,000) of the qualified individual's homestead property tax
liability over consecutive years.
(e) The county treasurer may accrue interest on a qualified
individual's deferred tax balance amount on a monthly basis not to
exceed four percent (4%) beginning on the date of the deferral.
(f) No deferral of homestead property tax liability shall be granted
if the total amount of deferred taxes under this chapter plus the total
amount of all other liens on the homestead property plus the
outstanding principal on all mortgages on the homestead property
exceed one hundred percent (100%) of the homestead's assessed value.
(g) To be eligible for the homestead property tax deferral program,
a qualified individual must:
(1) submit with the homestead property tax deferral program
application the written approval of any holder of a lien on the
homestead property; and
(2) agree to not pay the individual's remaining non-deferred
payments by escrow.

Legislative History

As added by P.L.68-2025, SEC.85.