Indiana Homestead Standard Deduction

Tippecanoe County Auditor

Available Property Tax Relief

About This Program

Indiana Homestead Standard Deduction is available to homeowners in Lafayette, IN.

Standard property tax deduction for all Indiana owner-occupied homes. Reduces assessed value by 60% of your home's value up to $48,000 maximum reduction. Available to all Lafayette homeowners who occupy their home as primary residence. File once with County Auditor.

Tax savings based on 60% assessed value reduction, max $48,000

Official program page checked live on 2026-06-22.

Data last verified 2026-06-09. How we verify our data.

In Lafayette, IN, you can combine this program with other local help to cut your cost:

Key Details

  • Standard deduction for all owner-occupied homes
  • 60% of assessed value up to $48,000 reduction
  • No income limit, all homeowners qualify
  • Must be primary residence in Tippecanoe County
  • File once with County Auditor

How to Apply

Get free help applying Visit Official Program Page Track this program

(765) 423-9229

A grant-savvy contractor in Lafayette, IN can handle the paperwork, inspections, and timelines so your funding releases on schedule. Getting matched is free.

Your application paperwork

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

  1. Confirm you own and occupy the Indiana home as your principal place of residence and do not claim a homestead elsewhere.
  2. Get the Homestead Deduction claim form (State Form 5473 / HC10) from the Indiana DLGF.
  3. Complete it with the property and owner information, including the last five digits of the owner's ID.
  4. File it with your county auditor by the December 31 deadline to apply to the next year's bill.
Get the official form

Documents you will likely need

  • Proof you own and occupy the home as your principal residence.
  • The owner's Social Security number and driver license or state ID (last digits) as the form requires.
  • The property's parcel or key number.
  • The completed homestead claim form.
Download this checklist (PDF)

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 by June 15 of first year of ownership

Questions about this program?

Ask us. It is free, and a real person answers within a business day.

Email us about this program

Frequently asked questions

How much can Indiana Homestead Standard Deduction provide in Lafayette, IN?

60% of assessed value up to $48,000 reduction.

Who qualifies for Indiana Homestead Standard Deduction in Lafayette?

Indiana Homestead Standard Deduction is open to homeowners in Lafayette, IN. It has no income limit.

How do I apply for Indiana Homestead Standard Deduction in Lafayette, IN?

Apply directly with Tippecanoe County Auditor using the official program link on this page or call (765) 423-9229. There is no middleman and no fee. Deadline: File by June 15 of first year of ownership.

Need a Contractor for This Grant?

Grant-approved contractors understand the documentation, inspections, and timelines, so your funding releases on schedule.

Get matched with a pro, free Browse Lafayette, IN contractors

Find More Programs in Lafayette, IN

This is just one of many grants, rebates, and free programs available. Stack them together to maximize your savings.

See All Programs