News Sections
Homeowners Who Let Homestead Deductions Expire Will Receive Letter
Updated May 5, 2013 1:10 AM
 Print    Archive    RSS

(UNDATED) - Indiana homeowners who've let homestead deductions expire without refiling will receive notices soon warning they could lose the tax break.

Indiana Department of Local Government Finance spokeswoman Jenny Banks tells The Indianapolis Star that homeowners who received the deduction previously but haven't submitted new forms will get notices of the potential loss and how to reinstate the deduction.

The deduction is $45,000 on houses with assessed values over $90,000 or 60 percent of gross assessed valuations under $90,000.

A supplemental deduction gives homeowners an additional 35 percent of the remaining assessed value.

The state is requiring homeowners to certify they're eligible for the deduction so it can create a database ensuring no one receives more than the single credit allowed for primary residences. Vacation homes and rentals aren't eligible.

« Previous Article
Next Article »

 Print    Archive    RSS

Have a question or comment about a news story? Send it to

Advertise with 1340 AM WBIW
Find more about Weather in Bedford, IN
Advertise with 1340 AM WBIW

1340 AM WBIW, Bedford's Place To Talk. Serving Lawrence and surrounding counties since 1948!

© 2018 Ad-Venture Media, Inc. All Rights Reserved. and Listen Live Powered by HPC

Advertise  |  Careers  |  Contests  |  About  |  Feedback  |  Public File