"Homestead property tax liability"

Official textiga.in.govlast amended 2025

Sec. 2. As used in this chapter, "homestead property tax liability" refers to a liability for property taxes:

# (1)

that are assessed on tangible property that is a homestead, including all tangible property, regardless of type, located in any parcel that contains the homestead; and

# (2)

that would be first due and payable in a certain year if the property taxes were not deferred under this chapter.
The term refers to a property tax liability after the application of all deductions and credits for which the homestead is eligible.
As added by P.L.68-2025, SEC.85.

Amendment history

As added by P.L.68-2025, SEC.85.

Source: view the official text

Nearby sections (25 sections)

6-1.1-51-8 · "Taxpayer"
6-1.1-51-9 · Deduction
6-1.1-51-10 · Amount of deduction
6-1.1-51-11 · Deduction; ad valorem property taxes using aircraft ground
6-1.1-51-12 · Claiming deduction on tax return
6-1.1-51-13 · Amended return
6-1.1-51.3-0.5 · Application; property tax liability
6-1.1-51.3-1 · Credit for person 65 or older; limitations; cost of…
6-1.1-51.3-2 · Credit for blind or disabled person; limitations
6-1.1-51.3-3 · Repealed
6-1.1-51.3-4 · Repealed
6-1.1-52-1 · "Homestead"
6-1.1-52-2 · "Homestead property tax liability"
6-1.1-52-3 · "Property taxes"
6-1.1-52-4 · "Qualified individual"
6-1.1-52-5 · "Qualified interest"
6-1.1-52-6 · Establishment of deferral program by county ordinance
6-1.1-52-7 · Application for property tax deferral; limitation on…
6-1.1-52-8 · Procedures for property tax deferral; loan application and
6-1.1-52-9 · Approval; requirement to enter into a deferral agreement;
6-1.1-52-10 · Deferral termination event; surviving spouse
6-1.1-52-11 · Payment before the delayed due date; deferred property…
6-1.1-52-12 · Apportionment and distribution upon payment of deferred
6-1.1-52-13 · Determination of deferral termination event by the county
6-1.1-52-14 · Notice of determination of deferral termination event

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