Indiana Application for Senior Citizen Property Tax Benefits

Application for Senior Citizen Property Tax Benefits
Form 43708
Reset Form
APPLICATION FOR SENIOR CITIZEN
PROPERTY TAX BENEFITS

COUNTY

TOWNSHIP

YEAR

State Form 43708 (R18 / 9-24)
Prescribed by the Department of Local Government Finance

Information contained in this document is CONFIDENTIAL pursuant to IC 6-1.1-35-9.
INSTRUCTIONS:

To be filed in person or by mail with the county auditor of the county where the property is located.

Filing Date:

Form must be completed, signed, and filed with the county auditor or postmarked by January 15 of the calendar year in
which the property taxes are first due and payable.

See reverse side for additional instructions and qualifications.
Type of Benefit Requested (Please check all that apply)

☐ Over 65 Deduction from Assessed Valuation
Name of Applicant (owner or contract buyer)

(
Is Applicant the Sole Legal or Equitable Owner?

☐ Yes

☐ Over 65 Circuit Breaker Credit

Telephone Number

Email Address

)

If No, What is His/Her Exact Share or Interest?

If Owned with Joint Tenant or Tenant in Common, Indicate with Whom

☐ No

If Name on Record is Different than Applicant, Indicate Below

Do All Joint Tenants or Tenants in Common Reside on the Property?

☐ Yes
Name of Contract Seller

One (1) Year before Claiming Deduction?
Address of Contract Seller (number and street, city, state, and ZIP code)

☐ Yes

☐ No

Is the Property in Question:

☐ Real Property
Taxing District

☐ No

Has Applicant Owned or Bought the Property Under Recorded Contract for at Least

Key Number / Legal Description

☐ Mobile Home (IC 6-1.1-7)
Record Number

Page Number

Assessed value of the property as of current year assessment date (May not exceed $240,000 for Over 65 Deduction or
$199,999 [counting just the homestead site] for the Over 65 Circuit Breaker Credit received before January 1, 2020, $199,999 [all
Indiana real property] for the Over 65 Circuit Breaker Credit initially applied for after December 31, 2019 and before January 1, 2023,
☐ Yes
☐ No
and $239,999 [all Indiana real property] for the Over 65 Circuit Breaker Credit initially applied for after December 31, 2022.) See
reverse for details.
Is the Applicant 65 Years of Age or More on December 31 of the Year Prior
Applicant’s Date of Birth (month, day, year) If Filed by a Surviving, Unmarried Spouse, What Was the
Spouse’s Age at the Time of Death?
to the Year Taxes are First Due & Payable?
☐ Yes ☐ No
Does Applicant Reside on Property?

Adjusted Gross Income (AGI) of applicant, applicant and spouse, or applicant
and joint tenants or tenants in common, as applicable (For Over 65 Deduction, AGI may
not exceed: (1) $30,000 for individuals who filed a single return; (2) $40,000 for individuals
who filed a joint return; or (3) $40,000 for individuals and all others that share ownership as
joint tenants or tenants in common. For the Over 65 Circuit Breaker Credit, AGI may not
exceed: (1) $30,000 for individuals who filed a single return; or (2) $40,000 for individuals who
filed a joint return with the individual's spouse.) [Beginning with Pay 24, income amounts are
annually adjusted.] See reverse for details.
Have You Filed for Any Other Deductions?
If Yes, What Deductions?

☐ Yes

$
TOTAL

If Yes, What County?

☐ No

I/We certify under penalty of perjury that the above and foregoing information is true and correct.
Signature of Applicant

Date (month, day, year)

Address of Applicant (number and street, city, state, and ZIP code)

Signature of Authorized Representative

Date (month, day, year)

Address of Authorized Representative (number and street, city, state, and ZIP code)

Signature of County Auditor

DISTRIBUTION: Original – County Auditor; File-Stamped Copy – Taxpayer

Amount of Income
$

☐ No

Have You Filed for Deduction in Any Other County?

☐ Yes

Source of Income

Date (month, day, year)

$

INSTRUCTIONS AND QUALIFICATIONS
GENERAL INSTRUCTIONS
•

Applicants must be residents of the State of Indiana.

•

Applications must be filed during the periods specified. Once the application is in effect, not other filing is necessary
unless there is a change in the status of the property or applicant that would affect the deduction.

•

This application may be filed in person or by mail. If mailed, the mailing must be postmarked before the last day of
filing.

•

Any person who willfully makes a false statement of the facts in applying for this deduction is guilty of the crime of
perjury and on the conviction thereof will be punished in the manner provided by law.

•

Applicant and any joint tenants or tenants in common must reside on the premises. Being absent from the property
while in a nursing home or hospital will not prevent a person from receiving these benefits.

•

Applicant must have been the owner or contract buyer of the property for at least one year prior to claiming the
deduction. The contract must be recorded and provide that the applicant is to pay the property taxes.

BENEFITS
•

For the Over 65 Deduction, the deduction amount equals the lesser of one-half the assessed value of the property or
$14,000. However, where an applicant owns or is buying the property with joint tenants or tenants in common and not
all the tenants are at least sixty-five (65) years of age, the deduction is to be reduced by a fraction. The numerator of
the fraction is the number of tenants who are not sixty-five (65) years of age, and the denominator is the total number
of tenants. This reduction does not apply if the property is owned only by the applicant and the applicant’s spouse.

•

For the Over 65 Circuit Breaker Credit, the deduction equals the tax liability minus the product of tax liability for
preceding year multiplied by 1.02.

ELIGIBILITY
•

For the Over 65 Deduction, Adjusted Gross Income (AGI) for the calendar year preceding by two (2) years the
calendar year in which the property taxes are first due and payable may not exceed: (1) $30,000 for individuals who
filed a single return; (2) $40,000 for individuals who filed a joint return; or (3) $40,000 for individuals and all others that
share ownership as joint tenants or tenants in common. For the Over 65 Circuit Breaker Credit, the Adjusted Gross
Income (AGI) for the calendar year preceding by two (2) years the calendar year in which the property taxes are first
due and payable may not exceed: (1) $30,000 for individuals who filed a single return; or (2) $40,000 for individuals
who filed a joint return with the individual's spouse. [All income amounts are adjusted annually by an amount equal to
the percentage cost of living increase applied for Social Security benefits for the immediately preceding calendar year.
The income threshold adjustment for the applicable year can be located at: https://www.in.gov/dlgf/deductionsproperty-tax.]

•

To receive the Over 65 Deduction, the applicant can receive no property tax deductions other than the Mortgage
Deduction, the Homestead Standard and Supplemental Homestead Deductions, and the Fertilizer Storage Deduction.

•

To receive the Over 65 Deduction, the assessed value of the property must be $240,000 or less. The Over 65 Circuit
Breaker Credit is not available for individuals who received the credit before January 1, 2020, if the assessed value of
the homestead portion of the property is at least $200,000. The Over 65 Circuit Breaker Credit is not available for
individuals who initially apply for the credit after December 31, 2019, and before January 1, 2023, if the assessed value
of all Indiana real property is at least $200,000. The Over 65 Circuit Breaker Credit is not available for individuals who
initially apply for the credit after December 31, 2022, if the assessed value of all Indiana real property is at least
$240,000.

•

For the Over 65 Deduction, the applicant may be a surviving, un-remarried spouse, at least sixty (60) years of age on
or before December 31 of the year preceding the year in which the deduction is claimed, provided the decedent was at
least 65 years of age at the time of death. The surviving spouse must otherwise satisfy the eligibility requirements for
the deduction.