STATEHOUSE, IN – May 17, 2010 – (RealEstateRama) — State Sen. Brandt Hershman (R-Lafayette) says by completing and mailing back one simple form included in local property tax statements, eligible property owners will receive valuable tax credits while helping county governments better monitor homestead filings and prevent fraud.
“Pink forms are included in property tax statements currently being mailed to Hoosiers,” Hershman said. “If people haven’t already done so, I encourage them take the time to complete the form and mail it back to their local auditor’s office. This will help provide a cost savings to eligible property taxpayers while preventing fraud and ensuring fairness in the system.”
Hershman said by completing and returning the pink forms, most Hoosier property taxpayers will be granted deductions reducing their taxable assessed value of homesteads by up to 60 percent or $45,000, whichever is less. Those who do not return the form could lose their homestead deductions.
He said information included on the completed forms will be used to help prevent fraud, which ultimately costs law-abiding property owners.
“Unfortunately, some people in previous years have claimed homestead deductions they were not entitled to receive,” Hershman said. “This new process will help update the database and weed out those who may try to take unfair advantage of the system.”
As part of the new form, property owners provide the last five digits of his or her Social Security and drivers’ license numbers. Hershman said this information will only be used within a secure homestead database.
“Although taxpayers may see this form again throughout the next few years, they only need to fill it out once,” Hershman said. “State law requires all homestead verification forms to be filed no later than Jan. 1, 2013, but I encourage property owners to complete this form now and mark it off their to-do lists.”
For more information on the homestead verification form, please visit www.in.gov/dlgf.
Hershman represents Senate District 7, which includes Carroll, Clinton, Howard, Jasper, Tippecanoe and White counties.
Phone: 800-382-9467 or 317-232-9539
Email: cheiden (at) iga.in (dot) gov