VALPARAISO — Taxpayers are reminded that the deadline to apply for a property tax deduction is fast approaching.
Indiana offers property owners a number of deductions that can help reduce property tax bills. Some of the most common deductions are the homestead deduction, the Over-65 deduction, the veteran deduction, and the mortgage deduction. Taxpayers must meet certain eligibility requirements, and some deductions cannot be combined with others.
To apply, taxpayers must fill out, sign, and date the appropriate application by Dec. 31. The application must be filed with the County Auditor’s office by Jan. 5 for the deduction to appear on that year’s tax bills.
Porter County Auditor Vicki Urbanik said taxpayers who already have a deduction generally do not need to re-apply as long as they continue to meet the eligibility requirements and the property ownership or use has not changed.
However, applications should be filed in other situations, such as when a taxpayer purchases a new home, refinances, or converts the property ownership.
For new purchases or a transfer of ownership, taxpayers should provide the Auditor’s Office with identification, such as a driver’s license, with the updated address for both spouses or all parties on the deed.