Indiana Tax Review Board Reinstates Taxpayer’s Homestead Deduction

The Indiana Board of Tax Review ruled in the taxpayer’s favor on his petition to reinstate the homestead deduction for his property in Monroe County. Taxpayer owned a primary residence in Indiana and a rental property in Utah, for which he received a residential exemption under Utah law. The Monroe County Auditor removed the taxpayer’s homestead deduction, believing the Utah exemption was equivalent to Indiana’s homestead deduction. However, the Board found that while the two deductions shared some similarities, the Utah exemption applied to properties used as a tenant’s primary residence, unlike the homestead deduction, which applied only to an ...