How much does the Indiana homestead exemption save?

Indiana's standard homestead deduction removes the lesser of 60% of assessed value or $48,000, plus a supplemental deduction. That removes about $48,000 of value, saving roughly $355 a year on the Indiana median home at the 0.74% median effective rate. Your saving scales with your local rate.

Who qualifies for the Indiana homestead exemption?

In general, you must own the home and use it as your primary residence (owner-occupied) as of the assessment date. File the homestead application with your county before the deadline. Confirm details with the Indiana Department of Local Government Finance.

Is my data sent anywhere when I use this calculator?

No. All calculations run entirely in your browser using JavaScript. No home value, address or personal data is ever transmitted to any server.

Indiana Homestead Exemption Calculator 2025 — Property-Tax Savings

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Indiana Homestead Exemption Calculator 2025

A homestead exemption lowers the property tax on your primary residence. Indiana’s median effective property-tax rate is 0.74% of home value — on the Indiana median home ($218,100) that is about $1,614 a year (WalletHub ‘Property Taxes by State in 2026’ (U.S. Census Bureau ACS, collected 2026-01-29)).

Indiana’s standard homestead deduction removes the lesser of 60% of assessed value or $48,000, plus a supplemental deduction. Because that removes about $48,000 of market value before the rate applies, it saves roughly $355 a year on the Indiana median home.

Enter your home value below. The estimate uses the Indiana median effective rate, so it is a starting point — your actual bill depends on your county’s millage and assessment. Senior, veteran and disability relief is additional. Everything runs in your browser; no value or personal data is transmitted.

Verify with the authority: confirm the current homestead rules and your local rate with the Indiana Department of Local Government Finance.