Story Created:
Sep 6, 2007 at 2:05 PM EDT
Story Updated:
Sep 6, 2007 at 2:28 PM EDT
(WSBT) The Governor extended the deadline to file for 2008's homestead credit on Wednesday. You now have until October 1st. Find out if you qualify and how to apply.
The following information is from the Marion County Auditor's Office Web site:
To be eligible for a homestead deduction in 2008, persons must be the owner of their primary residence as of March 1, 2007. The deadline to file for a homestead deduction and credit in 2007 was June 10. Those who filed by then need not do so again.
To be eligible for rebates on taxes payable this year, people had to file for homestead credits by June of last year. That will not change, so thousands who neglected to file for the credit in time will not share in the $300 million in additional relief.
Who may qualify?
As described in the definition of "homestead," the individual residence owner or contract buyer or the entity that owns the residence or is buying it under contract. No portion of a residential dwelling which is income producing is eligible for the homestead credit, such as, but not limited to: one half a duplex side, or rented apartment which is a part of the structure, a beauty shop or crafts shop in one or two rooms of the structure, a dry cleaners or electronics shop beneath an apartment, an auto repair shop in the garage.
How to apply:
Forms must be filed at the county auditor’s office in the county where the homestead is located. If an individual desires to have the receipt returned, he must provide a self addressed, stamped envelope to the county auditor’s office. Only one individual may receive a credit for a particular homestead in a particular year. The portion above the “signature of owner” must be completed in full before credit will be considered.
When to file for real property:
This claim must be filed in duplicate during the twelve months before May 11 of the year prior to the first year for which the person wishes to obtain credit. The application applies for that first year and any succeeding year for which the credit is allowed.
When to file for a mobile home:
Between January 15 and March 31 of the year the deduction is to be effective.
The homestead credit has been enacted to allow a property tax credit for each qualified homestead.
For more information, click on the link in the related content box.
