50 IAC 24-3-1 Eligibility for the homestead standard deduction

Sec. 1. 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.