Indiana Administrative Code
Title 50 - DEPARTMENT OF LOCAL GOVERNMENT FINANCE
Article 24 - STANDARD DEDUCTION FOR HOMESTEADS
Rule 3 - Eligibility
Section 3-1 - Eligibility for the homestead standard deduction

Authority: IC 6-1.1-12-37

Affected: IC 6-1.1-12-37

Sec. 1.

Contingent upon eligibility under IC 6-1.1-12-37 and pursuant to all applicable laws, an individual who in a particular year either owns or is buying a homestead under a contract, recorded in the county recorder's office, that provides that the individual is to pay property taxes, is entitled to a homestead standard deduction from the assessed value of the homestead.