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Deadline for filing property tax exemptions is fast approaching

Posted by kim carpenter on December 8, 2011
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Please make sure that both your Homestead and Mortgage exemptions have been filed with your county and that you have stamped receipts for both exemptions.  This will drastically affect the amount of property taxes you pay next year.  Please keep these receipts in a safety deposit box or fire proof safe, this is your only proof that they have been filed.  If you are not sure that yours are filed, contact your local assessor’s office and request copies of the receipts.  Here is a copy of the form to file your exemptions but please still take your closing paperwork with you to the assessor’s office, they will probably want to see a copy of your deed showing you are in title to the property.

Deductions work by reducing the amount of assessed value a taxpayer pays on a given parcel of property. Application for deductions must be completed and dated not later than December 31 annually. Taxpayers do not need to reapply for deductions annually. Reapplication should only occur if the property is sold, the title is changed or the home is refinanced (mortgage deduction only).

Deductions applied for prior to the annual deadlines will be applied to the next year’s tax bill. For example, a homeowner who completes and dates an application for a deduction by December 31, 2011 and files the application on or before January 5, 2012 will see the deduction applied to his 2011pay2012 tax bill.

The deadline for filing these exemptions are 12/31/11!

To file your exemptions you will need to take all of your closing paperwork with you to your local assessor’s office:

 Marion County


Hamilton County


Hendricks County


Hancock County


If you have further questions, please do not hesitate to email me or give me a call at 317-509-4000

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