Form 322 - Application For A Deduction On Assessment On Rehabilitated Property
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1APPLICATION FOR A DEDUCTION ON ASSESSMENT ON REHABILITATED PROPERTY
State Form 49568 (R2 / 10-01)
FORM
Prescribed by the Department of Local Government Finance
322
County
Township
Taxing District
The undersigned owner hereby applies to the County Auditor pursuant to IC 6-1.1-12-18 through 20, for a deduction from the assessed value
on the following residential property for a period of five (5) years, effective March 1, 20_________ and the succeeding four (4) years.
Address of Property (number and street or Rural Route)
Legal description as found on tax duplicate
Section
Township
Range
Number of Dwelling Units on the Property
Lot Number
Block Number
Number of Dwelling Units Rehabilitated
Add.
Key or Code
Assessment
Assessment (at 100%
Increase
Deduction On
Type Of
After
of TTV) Prior To
Due To
Assessment
Dwelling
Rehabilitation
Rehabilitation
Rehabilitation
Claimed
1. Single Family
2. Two Family
3. Three or More Family
(# of Units________)
I hereby certify that the representations on this application are true.
Verification
Assessment After Rehabilitation
Signature of Owner
Assessment (at 100% of TTV) Prior to Rehabilitation
Owner (print or type)
Type of Family Dwelling:
Address
Single Family
Two Family
Three or More
City, State, ZIP
Amount of Deduction Approved
County
Township Assessor
Township
County Auditor
1. Application must be filed with the county auditor in person or by mail on or before May 10 in the year in which the addition to assessed
valuation is made or not later than thirty (30) days after the date of mailing of such assessment notice by the township assessor.
2. Limitation on availability. The assessed valuation (at 100% of TTV) of the property prior to rehabilitation cannot exceed $18,000 for single
family dwellings; $24,000 for a two (2) family dwelling; or $9,000 per dwelling unit for three or more family units.
3. The deduction in assessed value allowable cannot exceed $9,000 per dwelling unit rehabilitated.
4. County Auditor must present the application to the assessor of the township in which the property is located for the deduction verification.
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Parent category: Legal