The state of Indiana offers two different property tax deductions to certain veterans — a $14,000 deduction and a $24,960 deduction. Additionally, under certain circumstances, a veteran may qualify for a combination of the two deductions, becoming a $38,960 deduction. These property tax deductions lower the assessed taxable value of your home by $14,000, $24,960, or $38,960, respectively.
The first deduction is a $14,000 deduction for veterans who served during peacetime or the surviving spouse of a service member killed in action or died during active duty. To be eligible, a veteran must have received an honorable discharge and be totally disabled (or must be 62 years old with a 10% service-connected disability rating). There is an assessed property value limit of $200,000.
More help available: Wartime veterans with limited income have several pension options available…