Thank you for revisiting you can still subscribe to my RSS feed. As Always Thank You for visiting!
Powered by Max Banner Ads
December 31 is the deadline for qualified senior to file for two percent cap on his or her property taxes. This credit is for seniors in Lake and Porter Counties in Indiana; however, the auditor’s offices in both counties are reporting low or limited interest by seniors. I am sure this is because most seniors may not know about the need to apply for the credit.
Under House Bill 1001, seniors will receive a tax credit if his or her adjusted gross income is no more than $30,000 or combined income of $40,000. In addition, the gross assessed value of the home must be less than $160,000.
The Bill ensures that the qualified homeowner will not receive a property tax increase of more than two percent. It is important to note that this credit is in addition to statewide property tax caps of 1.5 percent and 1 percent that is scheduled to take effect in 2009.
For example, if the assessed value is $100,000, the statewide cap for next year will result in a tax bill of $1,500. The senior will enjoy a cap of two percent on his or her assessed value especially if the assessed value increases from one year to the next.
So seniors please apply if you qualify.
Originally posted 2008-12-15 05:07:16. Republished by Blog Post Promoter
Taylor-Brown's Related Post s' Related Posts -
$8000 Tax Credit For First Time Home Buyers Expires Soon Image via WikipediaDid you know that the $8000 tax credit expires 11/30/2009? That means there are only 131 shopping days remaining. The reason the number of days is significant is that the buyer do not have to pay the $8000 tax credit back to the government as long as the buyer...... -
Are You Serious, Property Tax Cap is Not Working Visiting and revisiting the property tax issue has become a pet peeve of mine for many reasons: Property taxes are too high Cities, towns, and states rely to heavily on property taxes so there is no incentives to lower property taxes As a result of the property taxes being......
-
2009 Federal Energy Tax Credits What you may know as the $700 billion dollar bailout is actually called the Emergency Economic Stabilization Act of 2008.... -
Home Improvement Grants for Home Improvement Help If you are seeking out home improvement help, then one of the best things that you can do, at least...












Pingback: Real Estate Newbie Info » Blog Archive » Taylor-Brown Real Estate Talks » Blog Archive » Seniors Deadline …
Pingback: Real Estate Secret Info » Blog Archive » Taylor-Brown Real Estate Talks » Blog Archive » Seniors Deadline …
Pingback: Safe Real Estate Info » Blog Archive » Taylor-Brown Real Estate Talks » Blog Archive » Seniors Deadline …
vuzQL9 Thanks for good post
Pingback: » Outraged Over Property Taxes
Is Twitter or Facebook better? I say both are great together. I have my blog, and my twitter account, and my facebook account all intergrated. Then I use tweetdeck. Its great.
Pingback: Eight Day 1880's Reproduction Cuckoo Clock
Pingback: Loan Modification Help
I was studying anything else about this on yet another weblog.Incredibly, your view on it really is diametrically opposite to what I understand just before. I’m still reflecting more than the opposite points of view, but I’m tipped heavily toward yours. And regardless, that’s what is so outstanding about contemporary democracy as well as the marketplace of thoughts on-line.