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Floyd County

November 16, 2012

Deadline approaching for homestead verifications

> SOUTHERN INDIANA — Property taxpayers have until the end of the year to file homestead-verification forms to continue receiving homestead-deduction benefits on their property tax bills.

The forms, which are pink or rose-colored, were mailed with property tax bills in 2010, 2011 and 2012 and must be completed at least once prior to the Jan. 1 deadline, according to an Indiana Department of Local Government Finance release.

Beginning as early as January, county auditors will begin sending out notices of homestead-deduction termination to taxpayers receiving homestead deductions who have not filed a homestead-verification form on or before Dec. 31.

Indiana law requires individuals claiming the deduction to complete the form to verify their eligibility and provide identification numbers, including the last five digits from both their driver’s license and Social Security number.

The homestead deduction allows homeowners who use a property as a primary residence to qualify for a reduction of the lesser of $45,000 or 60 percent of the property’s assessed value, plus up to an additional 35-percent deduction of the of the remaining assessed value through the supplemental homestead deduction.

Specific questions about eligibility should be directed to the county auditor. Additional information is available on the DLGF website, located at www.in.gov/dlgf/8455.htm

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