Deductions Property Tax
Deductions work by reducing the amount of assessed value a taxpayer pays on a given parcel of property. Application for deductions must be completed and dated not later than December 31 annually. Taxpayers do not need to reapply for deductions annually. Reapplication should only occur if the property is sold, the title is changed or the home is refinanced (mortgage deduction only).
Deductions applied for prior to the annual deadlines will be applied to the next year’s tax bill. For example, a homeowner who completes and dates an application for a deduction by December 31, 2022, and files the application on or before January 5, 2023, will see the deduction applied to his 2022 pay 2023 tax bill.
To learn about the state’s most common deductions and the associated eligibility requirements of each, see the links below. The forms required for filing for the deductions also can be found below. Personal property deduction forms can be found by clicking HERE.
To learn more about property tax exemptions, click HERE.
County auditors are the best point of contact for questions regarding deductions and eligibility.
- Homestead Deduction Form
- Homestead Standard Deduction and Other Deductions - November 1, 2018
- Mortgage Deduction Form
- Over 65 Deduction and Over 65 Circuit Breaker Credit Form
- Over 65 Deduction and Over 65 Circuit Breaker Credit - November 1, 2018
- Veteran Deductions Form
- Disabled Person Deduction Form
- Rehabilitated Property Deduction Form
- Historical Rehabilitated Property Deduction Form
- Heritage Barn Deduction Form
- Geothermal, Solar, Wind or Hydroelectric Deduction Form
- IDEM Contact: firstname.lastname@example.org