Tuesday, November 27, 2012

6,000 Homeowners Yet to Verify Homestead Deduction in Johnson County


From the Johnson County Daily Journal:

About 6,000 residents receiving a deduction that lowers their property tax bill have one more month to verify that they still qualify for the benefit.

The deduction, which is called a homestead deduction, lets residents lower the assessed value of the property where they live by $45,000 or 60 percent, whichever is lower. That results in a lower property tax bill.

Nearly three years ago, the Johnson County Auditor’s Office began mailing verification forms to residents receiving the credit asking them to confirm that their home was the only property they were claiming. State law requires that owners of multiple properties receive only one homestead deduction.