Taxation: Senior Homestead Deduction Needs Tailored to Remove Broad, Unintended Impact

SB 292 – Property Taxes Authored by Sen. Jack Sandlin (R-Indianapolis) Authorizes a county fiscal body to adopt an ordinance to establish a senior homestead assessed value deduction. Defines a “qualified senior homestead” for purposes of the deduction as homestead property that is owned by one or more owner-occupants who is at least 50 years of age. Provides that [...]