Finance
Indiana's Homestead Exemption can reduce which type of liability?
AFederal income taxes on gain from home sale
BProperty tax liability on the owner's primary residence✓ Correct
CMortgage insurance premiums
DClosing costs on a refinance
Explanation
Indiana's Homestead Deduction reduces the assessed taxable value of a primary residence for property tax purposes, thereby reducing the homeowner's annual property tax bill.
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