Indiana Code Title 6. Taxation § 6-1.1-52-7

Sec. 7. (a) Beginning with property taxes first due and payable in 2026, and subject to subsection (g), a qualified individual in a county with a homestead property tax deferral program may apply to the county auditor to defer the due date for the qualified individual's homestead property tax liability as permitted under this chapter.

(b) A qualified individual may defer at least one hundred dollars ($100), but not more than five hundred dollars ($500), of the qualified individual's homestead property tax liability in a given calendar year.

(c) Except as provided in subsections (d) and (f), amounts deferred under this chapter for prior years may continue to accumulate until the delayed due date under this chapter.

(d) A qualified individual may not defer more than ten thousand dollars ($10,000) of the qualified individual's homestead property tax liability over consecutive years.

(e) The county treasurer may accrue interest on a qualified individual's deferred tax balance amount on a monthly basis not to exceed four percent (4%) beginning on the date of the deferral.

(f) No deferral of homestead property tax liability shall be granted if the total amount of deferred taxes under this chapter plus the total amount of all other liens on the homestead property plus the outstanding principal on all mortgages on the homestead property exceed one hundred percent (100%) of the homestead's assessed value.

(g) To be eligible for the homestead property tax deferral program, a qualified individual must: