Variations in Receipt of Benefit
No Variation in Receipt of Benefits
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
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.
Property Value Limit
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.
[https://forms.in.gov/Download.aspx?id=4735 Accessed 01/19/2022]
View Archived Source
[https://www.in.gov/dlgf/2344.htm Accessed 01/19/2022]
P.L. 114-2019,SEC. 2