Deduction for Totally Disabled Veteran or Veteran Age 62 and Partially Disabled

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State

Indiana

Year

2021

Variations in Receipt of Benefit

No Variation in Receipt of Benefits

Benefit Type

Exemption

Benefit

Qualifying applicants are entitled to a deduction from assessed value equal to $14,000.

How is Benefit Disbursed

Exemption from assessed value

Eligible Property Type

Residential

Characteristics of Eligible Property

Residential property is eligible for this relief. This benefit is extended to mobile homes and manufactured homes not assessed as real property.

Eligibility Criteria

Age

Disability

Homeowner

Property Value Limit

Veteran

Surviving Spouse

Description of Eligibility Criteria

Qualifying applicants must have served in the military or naval forces of the United States for at least 90 days and received an honorable discharge. The applicant must either have a total disability, be at least 62 years old, and have a disability of at least 10%, or be a surviving spouse of an eligible participant. The disability must be evidenced by a pension certificate, certificate of eligibility, or an award of compensation issued by the United States Department of Veterans Affairs or the Indiana Department of Veterans' Affairs. Qualifying applicants must own the property receiving the relief. The surviving spouse of a qualified individual may continue to receive the benefit. This includes, but is not limited to, spouses of individuals that were killed in action, died while serving on active duty, or died performing inactive duty training. No one is entitled to the deduction if the assessed value of the individual's tangible property exceeds $200,000.

Local Option in Adoption of Program

Local government is unable to exercise an option

Local Option Regarding Program Features

No local option regarding program features

State Funding for Local Tax Loss

Local government covers all of its tax loss

Description of State Funding for Tax Loss

The statute is silent on whether or not the state reimburses the local government for the property tax loss.

Record ID

IN107_RR21

Footnotes

P.L. 114-2019,SEC. 2 amends the following for the program: benefit is increased to $14,000 from $12,480. Assessed property value cannot exceed $200,000, up from previous $175,000 limit. Spouses of individuals that were killed in action, died while serving on active duty, or died performing inactive duty training are now explicitly mentioned as eligible. Effective 7/1/2019 for assessment years 2020 and after. P.L. 159-2020,SEC. 17 amends the program so that, for purposes of determining assessed value for individuals who have received the deduction, increases in assessed value that occur on the later of Dec. 31, 2019 or the first year the individual received the deduction, are not considered unless the increase is attributable to physical improvements. Effective 3/21/2020 for assessment year 2020 and after.

Sources

Ind. Code § 6-1.1-12-14 (in effect for 2021)
Department of Local Finance, Form 12662 (2020)
[https://forms.in.gov/Download.aspx?id=4735 Accessed 01/19/2022]
View Archived Source
Department of Local Government Finance Forms
[https://www.in.gov/dlgf/2344.htm Accessed 01/19/2022]
P.L. 159-2020,SEC. 17
P.L. 114-2019,SEC. 2

To reference this webpage/table, please use the following citation:

Significant Features of the Property Tax. https://www.lincolninst.edu/residential-tax-relief/deduction-totally-disabled-veteran-or-veteran-age-62-partially-disabled-13 Lincoln Institute of Land Policy and George Washington Institute of Public Policy. (Deduction for Totally Disabled Veteran or Veteran Age 62 and Partially Disabled ; accessed: 12/07/2023 06:32:24 AM)

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