Indiana Gov. Mike Braun signs legislation expanding property tax relief for veterans - WTHI-TV
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Indiana Governor Mike Braun signed legislation on Wednesday aimed at expanding property tax relief for veterans. This move comes as part of his administration’s Freedom and Opportunity Agenda.
It provides a major expansion of property tax relief for disabled veterans. Under the new law, totally disabled veterans in Indiana will be given a 100% deduction on the assessed value of their home, meaning that they will owe zero property taxes on their primary residence.
“Someone who is totally disabled, I thought this was a no brainer and they will have no property taxes to pay going forward,” Braun said.
The law also creates new property tax credits for eligible veterans, including $350 credits for wartime veterans, and $250 in credit for senior veterans. Braun said no veteran should be left behind in Indiana.
“Especially in groups like veterans, we need to be always aware of the extra effort and pain, especially when it comes to affordability issues,” Braun said.
Braun said his administration will continue to focus on broader property tax reform, and that Hoosier residents should expect the conversation to continue during the next legislative session.
“I think broader reform, all Hoosiers will have two thirds of their home exempted from property taxes over the next five years to phase it in,” Braun said. “I’m asking school districts and local governments to make sure they are running their operations efficiently.”
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