The clock is ticking for Greene County property owners who have not filed their Homestead Verification form with the auditor's office.
The deadline to complete the form, which according to Greene County Auditor Matt Baker takes just a couple of minutes to finish, is Dec. 31.
The courthouse will be open until 4 p.m. that day.
Presently there are about 1,500 Homestead exemptions that have not been verified in the county.
Not filing a homestead exemption could be costly to a property owner.
The maximum standard deduction is $45,000 and the benefit of the homestead supplemental, an additional 35% deducted off gross tax less the standard deduction, according to information from the Indiana Department of Local Government Finance (DLGF).
When you file you will need your social security and driver's license numbers as well as those numbers for any other individuals living in the home as their primary residence.
This information is required to file your standard homestead. Individuals and married couples are limited to one homestead standard deduction per homestead laws. Recently the state passed legislation allowing the county auditor to back tax and add a penalty for those property owners deemed ineligible. Homeowners do not need to reapply for this deduction unless there has been a deed change on the property, according to the DLGF.
The listing for Greene County taxpayers that still need to complete this process is on the county website at www.co.greene.in.us under Auditor Office and click on "Homestead Verification Form".
"This list shows taxpayers that are receiving the Homestead Deduction at this time, but have not submitted the additional information being required by the state," Baker explained, "If the completed Homestead Verification Form is not received by Dec. 31, 2012 the Homestead will be pulled from the property causing an increase to property tax on that parcel effective 2012 pay 2013."
Property owners have had three years to file this paperwork and Baker is unclear why so many people have failed to follow the simply process.
"Homestead by far is the biggest one (deduction)," Baker said.
If you have questions regarding this process or any other exemptions contact the Greene County Auditor's office at 384-8658 or by email at email@example.com .