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2008 tax relief deductions may be filed until Oct. 15

Wednesday, September 12, 2007

Clay County Auditor Mary Jo Alumbaugh recently announced the window for homeowners to file for various deductions and credits has been opened by Governor Mitch Daniels.

Alumbaugh said that Daniels took action on Sept. 5 that will help more homeowners get property tax relief in 2008.

To be eligible for the various deductions available for tax pay year 2008, persons must be the owner of their residence as of March 1, 2007.

The deadline to file for these deductions was June 10, 2007. Exemptions that have been filed prior to June 10 and after June 10 this year will need not re-file.

The governor has directed all counties to accept homeowner's deductions from now until Oct. 15, 2007.

Alumbaugh stated that this will allow those persons who missed the June 10 deadline to have another opportunity.

Deductions will reduce the assessed value (taxable value) of the homeowner's property.

The reduction in the assessed value will result in a reduction of property taxes being paid by the homeowner.

"The easiest way for property owners to place money back into their pockets is through the filing of deductions that are available to each property owner.

Each deduction has certain requirements that must be met, and the auditor's office is here to serve and assist the public," Alumbaugh said.

Alumbaugh is encouraging all property owners to review their property tax statement to verify the property tax deductions they are currently receiving. They should call 448-9001 if they have any questions or concerns or visit the office, located on the first floor of the Clay County Courthouse. The office is open Monday through Friday, 8 a.m.-4 p.m.

The different property tax deductions available to property owners include:

* Homestead Standard Deduction -- Homestead Credit,

* Mortgage deduction,

* Over 65 age deduction,

* Disability deduction,

* Blind deduction,

* Disability veteran deduction,

* Solar energy heating or cooling systems deduction,

* Wind power device deduction,

* Hydroelectric power device deduction, and

* Geothermal device deduction.

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