Bill > HB1156

This bill eliminates the assessed value cap for property tax deductions available to certain veterans in Indiana. Currently, veterans who have served at least 90 days in military service, received an honorable discharge, and either have a total disability or are at least 62 years old with a disability of at least 10%, can receive a $14,000 deduction from their property's assessed value. Previously, this deduction was subject to assessed value limits that increased over time (from $175,000 in 2017 to $240,000 in 2024). The bill removes these assessed value restrictions, effectively allowing qualifying veterans to claim the full $14,000 property tax deduction regardless of their property's total assessed value. The deduction can also be claimed by a surviving spouse if the veteran met certain service or disability criteria at the time of death. This change will take effect for assessment dates after December 31, 2026, providing broader tax relief for disabled veterans and their families by removing previous property value limitations on the tax deduction.

Budget and Finance

https://iga.in.gov/legislative/2026/bills/house/1156/details