Model Residence Deduction

If you are a builder of a property that is a single-family residence, townhouse, or condominium that has never been occupied as a principal residence and is used for display demonstration to prospective buyers it may be eligible for the Model Residence Deduction. A property owner may not receive the deduction for more than three model residences in Indiana for a particular assessment date.

Eligible applicants are entitled to a deduction from the assessed value of the residence in the amount of 50% of the assessed value of the model residence for:

  • Not more than one assessment date for which the model residence is assessed as a partially completed structure;
  • The assessment date for which the model residence is first assessed as a fully completed structure; and
  • The two assessment dates immediately follow the first assessment date.

Please click on the following link to view the deduction application and instructions. The completed deduction application can be emailed to the Auditor's Office, faxed to 260-449-7679, mailed, or delivered in person to 1 E Main Street, Suite 102 Fort Wayne, Indiana 46802.

View the Model Residence Deduction (PDF).