Indiana has no real estate transfer tax, does not require an attorney at closing and requires a seller disclosure form. It forecloses through the courts and is not a community property state.
Indiana in short
Is there a real estate transfer tax in Indiana?
Indiana has no real estate transfer tax in its tax code. A deed transfer costs flat fees instead. In Marion County that is $10 per parcel and $20 per sales disclosure form to the Assessor plus $35 per document to the Recorder.
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What closing costs does Indiana law set?
Indiana has no real estate transfer tax and no official typical closing-cost total. Marion County deed fees total $65, and filed title charges run $700 to $1,035 for a $250,000 purchase with a loan.
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How is property tax calculated in Indiana?
Indiana caps homestead property tax at 1% of gross assessed value, and for taxes payable in 2026 the standard homestead deduction is $48,000 plus a supplemental deduction of 40% of the remainder, with the standard deduction phasing out to $0 by 2031. 2026 bills are due May 11 and November 10, and an assessment appeal is due June 15 if the Form 11 notice was mailed before May 1.
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What is the deadline to appeal a property tax assessment in Indiana?
In Indiana, contact your county assessor and file your assessment appeal by June 15 if your Notice of Assessment (Form 11) was mailed before May 1. A notice mailed on or after May 1 carries a later deadline printed on the notice.
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Do you need a real estate attorney to close in Indiana?
The Indiana statutes read do not require an attorney to close a home sale, although engaging in the business of a practicing lawyer without admission is a Class B misdemeanor (IC 33-43-2-1) and a lender or contract may still require one.
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What must a home seller disclose in Indiana?
An Indiana owner of a one-to-four-unit home must complete and sign the state disclosure form and give it to the buyer before an offer is accepted (IC 32-21-5-10). If a defect is disclosed only after acceptance, the buyer has two business days to cancel in writing.
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How does foreclosure work in Indiana?
Foreclosure in Indiana goes through a court: for a covered owner-occupied home loan the lender must mail a pre-suit notice at least 30 days before filing, and the sheriff cannot sell for three months after the complaint is filed. The owner can redeem the home until the sale.
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What first-time home buyer programs does Indiana offer?
In Indiana, the Indiana Housing and Community Development Authority (IHCDA) gives 5% of the home price as down payment assistance with its First Step program and 2.5% or 3.5% with Next Home, as a 0% second mortgage that is not forgivable.
Indiana guides
- Closing costs in Indiana: what buyers and sellers pay
- Indiana transfer tax: none, but a sales disclosure form is due
- Indiana property tax: caps, rates and the homestead deduction
- Seller disclosure requirements in Indiana
- Do you need a real estate attorney to close in Indiana?
- Foreclosure process in Indiana
- Home prices in Indiana and Indianapolis: median value, trend
- First-time home buyer programs in Indiana: IHCDA and Indianapolis
- How to verify a real estate license in Indiana