Exemptions
Putnam County property owners – please review the following important changes:
Changes to Disabled Veterans property tax exemptions:
As of July 1, 2026, Indiana HB 1210 changes will apply. All disabled Veterans must refile for the exemption and/or credits to be applied to the 2026 tax bill that will be paid in 2027.
The new applications will not be available until after July 1, 2026. Please contact the Veterans Affairs Office to obtain the updated level of exemption or credit you will be entitled to receive. Once you have this information, you will visit the Auditor’s Office to complete the application process. Applications must be filed by December 31, 2026.
Please click on the PDF link to read more about the key changes.
Over 65 credit - $150
- Credits will be applied to the individual’s property tax liability after the application of tax credits but before the application of any other credits
- Income requirements have been raised to $60,000 adjusted gross income for a single tax filer and $70,000 adjusted gross income for married tax filers. Applicant(s) must provide the most recent two years of tax returns or the most recent social security award letter if you do not file a tax return
- Assessed value cap has been removed
- Residency requirement has been removed
- Restrictions on claiming certain other deductions have been removed
- Deduction will be converted to a tax credit for the tax year 2025 that will be payable in 2026
Blind/Disabled credit - $125
- No income limitation
- Credits will be applied to the individual’s property tax liability after the application of tax credits but before the application of any other credits
- Assessed value cap has been removed
- Residency requirement has been removed
- Restrictions on claiming certain other deductions have been removed
- Deduction will be converted to a tax credit for the tax year 2025 that will be payable in 2026
Geothermal, solar energy, wind, hydroelectric powered systems deductions - all expired
The homestead standard deduction will phase out over the next 5 years as follows:
$48,000 – for 2025 assessment date (taxes payable in 2026)
$40,000 – for 2026 assessment date (taxes payable in 2027)
$30,000 – for 2027 assessment date (taxes payable in 2028)
$20,000 – for 2028 assessment date (taxes payable in 2029)
$10,000 – for 2029 assessment date (taxes payable in 2030)
$0- for assessment dates after December 31, 2029
The supplemental deduction will increase over the next five years as follows:
40% for 2025 assessment date (taxes payable in 2026)
46% for 2026 assessment date (taxes payable in 2027)
52% for 2027 assessment date (taxes payable in 2028)
57% for 2028 assessment date (taxes payable in 2029)
62% for 2029 assessment date (taxes payable in 2030)
66.7% for pay 2031 and each year thereafter
For a complete, detailed explanation of the exemption changes/updates, please see Indiana Code Title 6 Article 1.1 Property Taxes as further guidelines and restrictions may apply.
For exemption needs, please contact the tax department at 765-653-5513, option 1. Or their direct contact information is:
Kindria Martin at 765-653-5513 Extension 228 or
email is kindria.martin@co.putnam.in.us
Jody Cope at 765-653-5513 Extension 231
or email is
jody.cope@co.putnam.in.us
