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

State

Indiana

Year

2016

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 $12,480.

How is Benefit Disbursed

Exemption from assessed value

Eligible Property Type

Residential

Characteristics of Eligible Property

Only residential property is eligible for this relief.

Eligibility Criteria

Age

Disability

Homeowner

Property Value Limit

Veteran

Surviving Spouse

Description of Eligibility Criteria

Qualifying applicants are those who have served in the military or naval forces of the United States for at least 90 days, received an honorable discharge, either has a total disability or is at least 62 years old and has a disability of at least 10% that is evidenced by a pension certificate or an award of compensation issued by the United States Department of Veterans Affairs or a certificate of eligibility issued to the individual by the Indiana department of veterans' affairs. Qualifying applicats must also own the property. The surviving spouse of an individual may receive the deduction provided by this section if the individual would qualify for the deduction if the individual were alive. No one is entitled to the deduction if the assessed value of the individual's tangible property, as shown by the tax duplicate, exceeds $143,160.

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_RR16

Footnotes

Sources

Ind. Code § 6-1.1-12-14 (in effect for 2016)

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