In this work, we propose and analyze a thermally tunable metasurface based on indium antimonide (InSb), designed to operate in the terahertz (THz) frequency range. The metasurface exhibits dual functionalities: single-band perfect absorption and efficient polarization conversion, enabled by the temperature-dependent permittivity of InSb. At approximately 280 K, InSb transitions into a metallic state, enabling the metasurface to achieve near-unity absorptance (100%) at 0.408 THz under normal incidence, independent of polarization. Conversely, when InSb behaves as a dielectric at 200 K, the metasurface operates as an efficient polarization converter. By exploiting structural anisotropy, it achieves a polarization conversion ratio exceeding 85% over the frequency range from 0.56 to 0.93 THz, while maintaining stable performance for incident angles up to 45°. Parametric analyses show that the resonance frequency and absorption intensity can be effectively tuned by varying the InSb square size and the silica (SiO2) layer thickness, achieving maximum absorptance at a SiO2 thickness of 16 μm. The proposed tunable metasurface offers significant potential for applications in THz sensing, imaging, filtering, and wavefront engineering.