Section 50IAC24-3-1. Eligibility for the homestead standard deduction  


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  •    Contingent upon eligibility under IC 6-1.1-12-37 and pursuant to all applicable laws, an individual who in a particular year either owns or is buying a homestead under a contract, recorded in the county recorder's office, that provides that the individual is to pay property taxes, is entitled to a homestead standard deduction from the assessed value of the homestead. (Department of Local Government Finance; 50 IAC 24-3-1; filed May 12, 2009, 11:24 a.m.: 20090610-IR-050080750FRA; filed Apr 21, 2016, 12:40 p.m.: 20160518-IR-050150167FRA)