ORDINANCES & RESOLUTIONS 2003 - Laserfiche WebLink

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5 . A property owner who desires to obtain the deduction from real property must file an Application on forms prescribed by the State Board of Tax Commissioners with the Auditor of Morgan County and shall be filed before May 10 of the year in which the addition to assessed valuation is made. a. If notice of the addition to assessed valuation or new assessment for any year is not given to the property owner before April 10 of that year, the Application may be filed not later than thirty (30) days after the date such notice is mailed to the property owner at the address shown on the records of the Township Assessor. b. The Application required by this Section shall contain the information required in Indiana Code 6-1. 1-12 .15 or 6- 1 . 1-12. 1-5 . 5 . c. A Deduction Application filed under this Section is applicable for the year in which the addition to assessed value or assessment of a new structure is made and in the succeeding nine (9) years in the event of real property. d. A new Deduction Application is not required for succeeding years of the real estate assessment deduction. e . A property owner who desires to obtain the deduction provided for by law but who fails to file a Deduction Application within the dates provided for above may file an Application between March 1 and May 10 of a subsequent year which shall be applicable for the year filed. In the event of real estate assessment it shall be applicable for subsequent years without any additional Application. f. In the case of a real estate assessment deduction, on verification of the correctness of an Application by the Assessor of the Township in which the property is located, the County Auditor shall send copy of the Application to the Town Council who shall then verify the length of the deduction and direct the County Auditor to make the deduction.