Deductions Property Tax
Deductions work by reducing the amount of assessed value a taxpayer pays on a given parcel of property. Taxpayers do not need to reapply for deductions annually. Reapplication should only occur if the property is sold or the title is changed.
Deductions applied for before the annual deadlines will be applied to the next year’s tax bill. For example, a homeowner who completes files the application on or before January 15, 2025, will see the deduction applied to their 2024 pay 2025 tax bill.
To learn about the state’s most common deductions and the associated eligibility requirements of each, see the links below. The forms required to file the deductions can also be found below. Personal property deduction forms can be found by clicking HERE.
To learn more about property tax exemptions, click HERE.
County auditors are the best point of contact for questions regarding deductions and eligibility.
Deduction Forms
- Homestead Deduction Form
- Over 65 Deduction and Over 65 Circuit Breaker Credit Form
- Over 65 Circuit Breaker Income Threshold Calculation for Pay 2025 [Legal] - May 24, 2024
- County Option Circuit Breaker Credit (MARION & ST. JOSEPH COUNTIES ONLY)
- Veteran Deductions Form
- Disabled Person Deduction Form
- Rehabilitated Property Deduction For
- Historical Rehabilitated Property Deduction Form
- Heritage Barn Deduction Form
- Geothermal, Solar, Wind, or Hydroelectric Deduction Form
- IDEM Contact: owqgeoth@idem.in.gov