Homestead Exemption

Indiana Homestead Exemption

Verified Jul 2026 · Ind. Code 6-1.1-12-37

Indiana offers the general homestead exemption for owner-occupied homes. Homestead Standard Deduction a $48,000 reduction and reduces your home's taxable value. It is available to owner-occupants of a primary residence.

Homestead Standard Deduction

Who qualifies

Income: No income limit.
Ownership: Owned (or being bought under contract) and occupied as the individual's homestead as of the assessment date.
Residency: Property must be the individual's principal place of residence (homestead) in Indiana.

How much it saves

Worked example — a $300,000 home at Indiana's median effective rate (~0.68%):

~$325/year

Estimate — this is an estimate, not a quoted bill.

Your county's rate differs — use the calculator for a figure tuned to where you live.

How to apply

Application required: Yes
Deadline: File Form HC10 (State Form 05473) with the county auditor by January 15 of the year the taxes are first due and payable; automatic carryover thereafter.
Renewal: automatic — No annual refiling once approved; the deduction carries over automatically while the property remains eligible. The owner must notify the county auditor if the property becomes ineligible.

Combining with other exemptions

Applied before the Supplemental Homestead Deduction, which is computed on the assessed value remaining after this deduction.

Verified Jul 2026 · Ind. Code 6-1.1-12-37

Official sources:

Amount cross-checked against a second official artifact: in.gov/dlgf/files/2025-memos/250612-Cockerill-Memo-Legislation-Affecting-Deductions,-Exemptions,-and-Credits.pdf.

By Sharon Ben-MosheHow we verify & estimate

Informational only — not legal or tax advice. Exemption rules and amounts are summarized from official statutes and state tax-agency sources as of each program's verified date and can change by legislative session. Dollar figures are estimates derived from Census ACS county tax data, not actual bills. Confirm your eligibility and current amounts with your county assessor before relying on anything here.

Supplemental Homestead Deduction

Who qualifies

Income: No income limit.
Ownership: Owner-occupied homestead entitled to the standard deduction.
Residency: Must be entitled to the Homestead Standard Deduction on the same homestead.

How much it saves

Worked example — a $300,000 home at Indiana's median effective rate (~0.68%):

~$813/year

Estimate — this is an estimate, not a quoted bill.

Your county's rate differs — use the calculator for a figure tuned to where you live.

How to apply

Application required: Not generally
Deadline: No separate application; granted automatically to any property receiving the Homestead Standard Deduction.
Renewal: automatic — Automatically applied whenever the Homestead Standard Deduction applies.

Combining with other exemptions

Computed on assessed value remaining after the Homestead Standard Deduction.

Verified Jul 2026 · Ind. Code 6-1.1-12-37.5

Official sources:

Amount cross-checked against a second official artifact: in.gov/dlgf/files/2025-memos/250612-Cockerill-Memo-Legislation-Affecting-Deductions,-Exemptions,-and-Credits.pdf.

By Sharon Ben-MosheHow we verify & estimate

Frequently asked questions

Who qualifies for the homestead exemption in Indiana?: Under Ind. Code 6-1.1-12-37, Homestead Standard Deduction is available to owner-occupants of a primary residence. Owned (or being bought under contract) and occupied as the individual's homestead as of the assessment date. Property must be the individual's principal place of residence (homestead) in Indiana.
How much does the homestead exemption save in Indiana?: It provides a $48,000 reduction. As an estimate, on a $300,000 home taxed at Indiana's median effective rate (0.68%), that is roughly $325 per year. This is an estimate from Census ACS data, not an actual bill.
Do I have to apply for the homestead exemption?: Yes — an application is required, and the deadline is: File Form HC10 (State Form 05473) with the county auditor by January 15 of the year the taxes are first due and payable; automatic carryover thereafter..
Does the homestead exemption renew automatically?: Once granted, it generally renews automatically. No annual refiling once approved; the deduction carries over automatically while the property remains eligible. The owner must notify the county auditor if the property becomes ineligible.
Can the homestead exemption be combined with other exemptions?: Applied before the Supplemental Homestead Deduction, which is computed on the assessed value remaining after this deduction.

Homestead Standard Deduction

Who qualifies

Income: No income limit.
Ownership: Owned (or being bought under contract) and occupied as the individual's homestead as of the assessment date.
Residency: Property must be the individual's principal place of residence (homestead) in Indiana.

How much it saves

Worked example — a $300,000 home at Indiana's median effective rate (~0.68%):

~$325/year

Estimate — this is an estimate, not a quoted bill.

Your county's rate differs — use the calculator for a figure tuned to where you live.

How to apply

Application required: Yes
Deadline: File Form HC10 (State Form 05473) with the county auditor by January 15 of the year the taxes are first due and payable; automatic carryover thereafter.
Renewal: automatic — No annual refiling once approved; the deduction carries over automatically while the property remains eligible. The owner must notify the county auditor if the property becomes ineligible.

Combining with other exemptions

Applied before the Supplemental Homestead Deduction, which is computed on the assessed value remaining after this deduction.

Supplemental Homestead Deduction

Who qualifies

Income: No income limit.
Ownership: Owner-occupied homestead entitled to the standard deduction.
Residency: Must be entitled to the Homestead Standard Deduction on the same homestead.

How much it saves

Worked example — a $300,000 home at Indiana's median effective rate (~0.68%):

~$813/year

Estimate — this is an estimate, not a quoted bill.

Your county's rate differs — use the calculator for a figure tuned to where you live.

How to apply

Application required: Not generally
Deadline: No separate application; granted automatically to any property receiving the Homestead Standard Deduction.
Renewal: automatic — Automatically applied whenever the Homestead Standard Deduction applies.

Combining with other exemptions

Computed on assessed value remaining after the Homestead Standard Deduction.

Frequently asked questions

Who qualifies for the homestead exemption in Indiana?

Under Ind. Code 6-1.1-12-37, Homestead Standard Deduction is available to owner-occupants of a primary residence. Owned (or being bought under contract) and occupied as the individual's homestead as of the assessment date. Property must be the individual's principal place of residence (homestead) in Indiana.

How much does the homestead exemption save in Indiana?

It provides a $48,000 reduction. As an estimate, on a $300,000 home taxed at Indiana's median effective rate (0.68%), that is roughly $325 per year. This is an estimate from Census ACS data, not an actual bill.

Do I have to apply for the homestead exemption?

Yes — an application is required, and the deadline is: File Form HC10 (State Form 05473) with the county auditor by January 15 of the year the taxes are first due and payable; automatic carryover thereafter..

Does the homestead exemption renew automatically?

Once granted, it generally renews automatically. No annual refiling once approved; the deduction carries over automatically while the property remains eligible. The owner must notify the county auditor if the property becomes ineligible.

Can the homestead exemption be combined with other exemptions?

Applied before the Supplemental Homestead Deduction, which is computed on the assessed value remaining after this deduction.