Indiana Property Tax Exemption Applications Due May 15, 2014

Indiana property that is owned, occupied and predominantly used for a charitable, educational, religious, literary or scientific purpose may qualify for a property tax exemption. Other uses may qualify for exemption as well. Exemptions may apply to both real property (e.g., buildings, land, yard improvements) and personal property (e.g., furniture, fixtures, computers, equipment).

Applications for the 2014 tax year (to reduce or eliminate taxes due in 2015) must be filed on or by May 15, 2014. Failure to timely file the application risks a complete waiver of the exemption, leaving few options to prevent payment of the tax. If a property has previously qualified for exemption, the owner may or may not have to re-file an application depending on the specific facts and circumstances of that property and its physical status and use. The exemption application (Form 136) is available on the Department of Local Government Finance website.