Property Taxes4 min read
Second Homes and Lake Cottages in Indiana: Why the Tax Bill Is Double, and the New Deduction Slowly Fixing It
A second home gets no homestead deduction, no $300 credit, and a 2% cap instead of 1% — which is why the cottage's bill can exceed your primary home's. SEA 1's phased 2%-tier deduction is narrowing the gap through 2031.