Disabled Veteran’s Deductions
IC 6-1.1-12-13,15 & IC 6-1.1-12-14,15 & IC 6-1.1-12-14.5
Partially Disabled Deduction
Savings for Disabled Veteran’s who received an honorable discharge after serving in the US military or naval forces during any of its wars with a service-connected disability rating of at least 10%. This deduction lowers a taxable assessment by $24,960.
Totally Disabled Deduction
Savings for Disabled Veterans who received an honorable discharge after serving in the US military or naval forces for at least 90 days either with a disability rating of 100% or the Veteran is at least 62 with a disability rating of at least 10%. An applicant may not qualify for this benefit if their Indiana real & mobile property assessment exceeds 240,000. This deduction lowers a taxable assessment by $14,000.
Deduction for Homestead Donated to Veteran
Savings for Disabled Veterans who received an honorable discharge after serving in the US military or naval forces for at least 90 days with a disability rating of at least 50% in which the individual’s homestead was donated to the Veteran by an income tax exempt organization. The deduction of assessment is determined by the percentage of disability rating using the below table:
Disability Percentage Rating | % of assessment deducted |
50-59% | 50% |
60-69% | 60% |
70-79% | 70% |
80-89% | 80% |
90-99% | 90% |
100% | 100% |
*To receive any of the above deductions, Veterans will need to provide either a pension certificate, an award of compensation, or a disability compensation check issued by the US Department of Veterans Affairs, or a certificate of eligibility issued to the individual by the Indiana Department of Veterans Affairs.