Indiana Department of Local Government Finance
Indiana Homestead Standard Deduction is available to homeowners in Indianapolis, IN.
Every Indiana homeowner should file this. Reduces your taxable assessed value by $48,000 (standard) plus a supplemental credit on any remaining assessed value. File once with the Marion County Auditor, stays on your property until you move. Most homeowners qualify but many don't know to file.
All owner-occupied homes, file once
Official program page checked live on 2026-06-22.
Data last verified 2026-04-01. How we verify our data.
In Indianapolis, IN, you can combine this program with other local help to cut your cost:
A grant-savvy contractor in Indianapolis, IN can handle the paperwork, inspections, and timelines so your funding releases on schedule. Getting matched is free.
You will likely need a contractor to apply
Projects like this almost always need a licensed contractor, and many grants ask for a written estimate as part of your application. Lining up a contractor in Indianapolis early keeps your application moving.
Get matched with a contractorEach program sets its own contractor rules. Check the official program page for exact requirements.
Form to file: Claim for Homestead Property Tax Standard / Supplemental Deduction (State Form 5473 / HC10)
The Homestead Standard Deduction lowers the taxable assessed value of the Indiana home you own and occupy as your principal residence, and it unlocks an additional supplemental deduction. You file the homestead claim (State Form 5473, the HC10) once with your county auditor and do not reapply each year.
Steps to apply
Documents you will likely need
Requirements vary by program and locality. Confirm the exact rules on the official program page. We can help you prepare your paperwork, but you submit it yourself.
Deadline: File with Marion County Auditor, one time, stays until you move
Ask us. It is free, and a real person answers within a business day.
Email us about this programUp to $48,000 assessed value reduction.
Indiana Homestead Standard Deduction is open to homeowners in Indianapolis, IN. It has no income limit.
Apply directly with Indiana Department of Local Government Finance using the official program link on this page or call 317-327-4646. There is no middleman and no fee.
Grant-approved contractors understand the documentation, inspections, and timelines, so your funding releases on schedule.
Rebates and discounts that stack on top of any grant. Most are free to use.
This is just one of many grants, rebates, and free programs available. Stack them together to maximize your savings.
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