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1. • • “Principal place of residence” means an individual’s true, fixed, permanent home to which the individual has the intention of returning after an absence. 50 IAC 24-2-5.
     www.in.gov/dlgf/files/181101-FAQ-Deductions.pdf

     Frequently Asked Questions Homestead Standard Deduction and ...

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   What is a property in Indiana?

   • (1) The property is located in Indiana and consists of a dwelling and the real estate, not exceeding one (1) acre, that immediately surrounds that dwelling. (2) The property is the principal place of residence of an individual. (3) The property is owned by an entity that is not described in subsection (a) (2) (B).

   2023 Indiana Code - Justia Law

   law.justia.com/codes/indiana/title-6/article-1-1/chapter-12/section-6-1-1-12-37/

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   What is a homestead in Indiana?

   • (k) As used in this section, "homestead" includes property that satisfies each of the following requirements: (1) The property is located in Indiana and consists of a dwelling and the real estate, not exceeding one (1) acre, that immediately surrounds that dwelling. (2) The property is the principal place of residence of an individual.

   2023 Indiana Code - Justia Law

   law.justia.com/codes/indiana/title-6/article-1-1/chapter-12/section-6-1-1-12-37/

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   What is a homestead exemption in Indiana?

   • The individual owns the Indiana property and it is the principal place of residence. The homestead includes the dwelling and the real estate, up to one acre of land. A mobile home that is not assessed as real property is eligible. No portion of a residential dwelling that is income-producing is eligible for the homestead exemption.

   Indiana - AARP Property Tax Aide

   ptaconsumers.aarpfoundation.org/taxpayer-states/indiana/

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   Does a home qualify as a principal residence?

   • Under United States tax law, for a home to qualify as a principal residence, it must meet the two out of five year rule. This means that a person must live in the residence for a total of two years or 730 days combined out of a five-year period. This rule also applies to married couples filing jointly. How Can I Verify My Principal Residence?

   Principal Residence: What Qualifies for Tax Purposes? - Investopedia

   www.investopedia.com/terms/p/principalresidence.asp

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   What is a principal residence?

   • A principal residence is also referred to as a primary residence or main residence. If a taxpayer owns multiple properties, only one can be considered the principal residence. If a taxpayer maintains more than one residence, the dwelling in which they spend more of their time would qualify as the principal residence.

   Principal Residence: What Qualifies for Tax Purposes? - Investopedia

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   Does putting furniture in a house qualify as a principal residence?

   • What’s more, putting furniture and other personal effects in the dwelling does not necessarily qualify it as a principal residence. For tax purposes, the taxpayer must both use and lease or own the residence for a minimum length of time to meet some of the qualifications.

   Principal Residence: What Qualifies for Tax Purposes? - Investopedia

   www.investopedia.com/terms/p/principalresidence.asp

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3. www.in.gov › dlgf › filesFrequently Asked Questions Homestead Standard Deduction and ...

   www.in.gov › dlgf › files

   (1) The property is located in Indiana and consists of a dwelling and the real estate (up to one (1) acre) that immediately surrounds that dwelling; (2) The property is the principal place of residence of an individual; (3) The property is owned by an entity other than an individual, tenant-stockholder or trust;

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4. law.justia.com › codes › indianaIndiana Code § 6-1.1-12-37. Standard Deduction ... - Justia Law

   law.justia.com › codes › indiana

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   Jan 1, 2012 · (1) The property is located in Indiana and consists of a dwelling and the real estate, not exceeding one (1) acre, that immediately surrounds that dwelling. (2) The property is the principal place of residence of an individual. (3) The property is owned by an entity that is not described in subsection (a)(2)(B).

5. www.in.gov › dlgf › filesExemptions and Deductions - IN.gov

   www.in.gov › dlgf › files

   An individual who resides on property owned by an entity (LLC, corporation, etc.) may qualify for the homestead deduction (IC 6-1.1-12-37(k)). Qualifications: Property located in Indiana and consist of a dwelling and the real estate, not to exceed 1 acre surrounding that dwelling;

   • File Size: 495KB

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6. www.allencounty.in.gov › 258Homestead Intro | Allen County, IN - Indiana

   www.allencounty.in.gov › 258

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   The homestead credit has been enacted to allow a property tax credit for a taxpayer's primary residence. Read carefully the qualifying guidelines given: Notice of Homestead Credit

7. ptaconsumers.aarpfoundation.org › indianaIndiana - AARP Property Tax Aide

   ptaconsumers.aarpfoundation.org › indiana

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   The individual owns the Indiana property and it is the principal place of residence. The homestead includes the dwelling and the real estate, up to one acre of land. A mobile home that is not assessed as real property is eligible.

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9. listwithclever.com › real-estate-blog › the-ultimateThe Ultimate Guide to Indiana Real Estate Taxes

   listwithclever.com › real-estate-blog › the-ultimate

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   Aug 15, 2024 · To qualify, your primary home must meet the following criteria: The home must be a house, co-op, condo, mobile home, house trailer, houseboat or an apartment. The home must be used as collateral for the loan. The home must have sleeping, cooking, and toilet facilities.

10. www.investopedia.com › terms › pPrincipal Residence: What Qualifies for Tax Purposes?

    www.investopedia.com › terms › p

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    Jun 16, 2024 · Key Takeaways. If a taxpayer maintains more than one residence, the dwelling in which they spend more of their time would qualify as the principal residence. When a principal residence...