{"data":{"id":"us-in/ic-6-1.1-20.4-5","jurisdiction":"us-in","citation":"IC 6-1.1-20.4-5","heading":"Calculation of credit","body":"Sec. 5. An ordinance or resolution adopted under this chapter must provide for a homestead credit that is either a uniform:\n(1) percentage of the net property taxes due on the homestead after the application of all other deductions and credits; or\n(2) dollar amount applicable to each homestead.\nThe ordinance or resolution must specify the percentage or the dollar amount.","path":["TITLE 6. TAXATION","ARTICLE 1.1. PROPERTY TAXES","Chapter 20.4. Local Homestead Credits"],"source_url":"https://iga.in.gov/ic/2026/Title_6.html#6-1.1-20.4-5","current_through":"2026","vintage":"2026","retrieved_at":"2026-09-09T01:51:39Z","sha256":"74a81f624aecdfd2d378d4c21f3fa328b4ea17112ad4ec4c02b92b8a44d197ea","source_id":"us-in","stale":false,"prev":"us-in/ic-6-1.1-20.4-4","next":"us-in/ic-6-1.1-20.4-6"},"notice":"GroundRules: Original legal text. Not legal advice."}