While we do no tax preparation at Geyer Law, we like to keep our blog readers updated on changes in the law. We love it when we can be the bearers of good news for our readers and clients!
An important deadline is coming up just a week from today:
The recently passed Senate Enrolled Act 1 in Indiana offers property tax relief to homeowners. There are three main benefits that are available as part of that legislation:
- Hoosiers over 65 can now receive a tax credit of $150 (this replaced the Over 65 Deduction previously in place). The bill also removed the maximum assessed property value limit for receiving the credit.
- A Blind/Disabled Credit of $125 replaced the former Blind/Disabled Deduction.
- The assessed value limit for qualifying for the Over 65 Circuit Breaker Credit,which prevents property tax liability on qualified homestead property from increasing more than 2% compared to prior year tax liability, has been removed and the income limit for qualifying for the credit has been increased to $60,000 for Individuals and $70,000 for couples.
The deadline:
In order to receive the credits beginning with property taxes paid in calendar year 2026, Indiana homeowners over the age of 65 are encouraged to apply for these credits before Jan. 15. Even those who were previously receiving the benefit should apply before the deadline, to ensure there is no disruption in the benefit
The application form can be downloaded from here.
Hoosiers with questions about the application process or their eligibility should contact their county auditor’s office.
– by Nicole Eckert, Attorney with Geyer Legal Group, PC
