Calculation of credit

Ind. Code § 6-1.1-20.4-5
in effect
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Sec. 5. An ordinance or resolution adopted under this chapter must provide for a homestead credit that is either a uniform: (1) percentage of the net property taxes due on the homestead after the application of all other deductions and credits; or (2) dollar amount applicable to each homestead. The ordinance or resolution must specify the percentage or the dollar amount. As added by P.L.246-2005, SEC.61.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://iga.in.gov/laws/2026/ic/titles/6Fetched: 10/17/2026

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