Pay Attention to the Pink Slip!
Not all pink slips bear bad news. The pink Homestead Verification Form that was enclosed with your property tax bill is very important and can save you thousands!
A bill in the legislature has required that these forms be mailed out with the property tax bills in 2010, 2011 and 2012 and they must be completed and returned by every homeowner who wishes to claim a homestead deduction on their property. Property owners have until December 31, 2012 to return the form.
Don’t have the form or have any idea what I’m talking about? See the bottom of this post for helpful download links, or leave a comment with questions.
These cards and the legislation requiring them are aimed at cracking down and preventing homestead fraud.
This form has not been widely publicized and can easily be overlooked as bureaucratic paperwork so please pay extra attention when opening your property tax bills!
I didn’t find the form in my property tax bill.
Though some counties may choose to, they are only required to include the form to taxpayers already claiming the homestead deduction. You can download the forms at the bottom of this post.
If I don’t fill it out by December 31, 2012, will I automatically lose my deduction?
If you don’t complete the form by the deadline, you will receive a final notification letter from the county and your deduction could be removed on your 2013 – pay 2014 property tax bill.
The form I was sent has a different – much sooner – deadline, what does that deadline mean?
Counties are permitted to establish internal deadlines to help streamline the processing of the forms. Missing the county’s internal deadline will not result in losing your homestead deduction; however it is best to return the forms to the County Auditor right away. Marion County, for example, put an April 30th suggested due date on their forms.
Should you have any questions while filing out this form or on where to mail the completed form, let us know in the comments below, or drop us a call at 317-578-1141.