Homestead status can save you money on your property taxes. Individual taxpayer identification numbers now qualify property owners for homestead exclusion.You must file an application to receive the homestead deductions. You must notify the County Assessor that your primary residence has changed, and you will need to complete and sign a new homestead application. Are the outofstate residents entitled to a homestead standard deduction on their Indiana lake cottage? Indiana tax sales provide fruitful investment opportunities for prepared investors. You'll earn interest on the tax lien price and the premium bid. Sign up for HorseProperties. Net alerts to receive an email once per week showing our new horse property listings for your state. Please note that we can only estimate your property tax based on median property taxes in your area.