You Might Be Paying too Much in Indianapolis Property Taxes

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Today we are going to talk about the homestead exemption and what it means to you and your tax bill. A homestead exemption is a tax break that you get on your primary residence, but we’ve found that many people don’t have it filed with the state. A few weeks ago we visited with a client who was looking to sell their home and we found that they were paying an extra $1,200 dollars in taxes over the last three years because they didn’t file their homestead exemption.

A homestead exemption is a tax break that you get on your primary residence.

There are a few reasons this could have happened to you. The most likely cause is that in 2012, a little pink slip was sent out to homeowners by the state, and if you didn’t fill it out and return it, your homestead exemption was removed.