A Sales Disclosure is needed for every new deed submitted to the Auditor's office. There is a revised Sales Disclosure form to be used beginning December 2011.
As of December 2011 the revised Sales Disclosure must be used. The form was revised by the Department of Local Government Finance (DLGF). These forms are used by local assessing officials and the state for a variety of purposes including sales ratio studies, equalization, and annual market adjustments (trending) for assessed values in non-assessment years. Also, certain exemptions can be filed on the new Sales Disclosure form without having to file a seperate exemption form. Clicking on the link above will take you to the newest downloadable version which can be filled out online and printed off. There is a $10.00 fee for filing a Sales Disclosure that is not exempt. Sales Disclosures are also filed along with contracts and other documents.
Have you moved from a property that you were previously receiving the Homestead Deduction on? If so, you must notify the Auditor's office that your previous property is no longer being used as your Homestead. Please complete the Change of Use on Property Receiving the Homestead Deduction form by clicking the link below. Upon completing and submitting the form, you will receive a confirmation email that your form has been successfully submitted. If you would rather complete the form by hand, you can print and return the form to the Auditor's office by email, fax, standard mail, or in person.
Finance and Budget Duties
The responsibilities of the Finance & Budget division of the Auditor's office are as follows:
If you are a builder of a single family residence, single family townhouse, or a single family condominium and hold these properties for sale in the ordinary course of your trade or business, you may be eligible for the Residence in Inventory Deduction per IC 6-1.1-12.8. This deduction may be claimed on the assessed value of a qualifying structure beginning with the assessment date of March 1, 2012, and later years. An application must be filed for each assessment date for which the property owner wishes to receive the deduction. A property owner may not receive this deduction for more than three residences in inventory in Indiana for a particular assessment date.
Residence in Inventory is real property that is not a model residence as defined in IC 6-1.1-12.6-1; and consists of a single family residence, single family townhouse, or a single family condominium unit which has never been occupied. This does not include the land on which the residence, townhouse, or condominium is located.
Eligible applicants are entitled to a deduction from the assessed value of the structure(s) in the amount of 50% of the assessed value of the residence in inventory for:
If you are a builder of a property that is a single family residence, townhouse, or condominium that has never been occupied as a principal residence and is used for display demonstration to prospective buyers it may be eligible for the Model Residence Deduction. A property owner may not receive the deduction for more than three (3) model residences in Indiana for a particular assessment date.
Eligible applicants are entitled to a deduction from the assessed value of the residence in the amount of 50% of the assessed value of the model residence for: