A Dense Fog Advisory has been issued for Bartholomew, Brown, Johnson, Morgan and Shelby counties.   Click for details

Homestead exemption tax-roll cleanup yields windfall




About 5,000 homes lost a major tax deduction last year, and most declined to reinstate it, boosting tax collections across the county.

The county started deleting homestead credits last year as part of a statewide tax cleanup. Homeowners can claim that credit only for the home that they live in, which means rental properties, second homes and vacation houses don’t get the large deduction.

The county started notifying taxpayers in 2010 that they needed to verify they live in their home in order to keep the deduction, which significantly reduces the value of the property for taxes. If a homeowner didn’t respond to the five or more notices sent before January 2013, the credit was removed.

This story appears in the print edition of Daily Journal. Subscribers can read the entire story online by signing in here or in our e-Edition by clicking here.

All content copyright ©2014 Daily Journal, a division of Home News Enterprises unless otherwise noted.
All rights reserved. Click here to read our privacy policy.