$45,000 maximum standard deduction for residential real property improvements (including a house or garage) located in Indiana that an individual uses as the individual's principal residence, including a mobile or manufactured home not assessed as real property.
The benefit of an additional homestead supplemental credit will be automatically applied when the $45,000 maximum standard deduction is applied. The homestead supplemental credit is calculated as a 35% deduction from the assessed value of the property after the standard deduction has been subtracted. For assessed values greater than $600,000, a 35% deduction will be applied for the first $600,000 of assessed value, while a 25% deduction will be applied to the remaining assessed value beyond $600,000.
You can file your deduction application in person or by mail. If you have any questions about how to fill out the application form, we strongly recommend that you file in person at the Auditor's office. Staff will be able to answer questions you may have to assure that the form is completed correctly.
You can file the application in person or by mail at: Porter County Auditor, 155 Indiana Ave., Suite 204, Valparaiso IN 46383.
You can download complete information about all deductions, including maximum amounts, eligibility and restrictions HERE.
Questions about this deduction? You can submit your question online HERE.