Form 322 (State Form 49568) Application for Deduction From Assessment on Rehabilitated Dwellings - Indiana

Form 322 (State Form 49568) Application for Deduction From Assessment on Rehabilitated Dwellings - Indiana

What Is Form 322 (State Form 49568)?

This is a legal form that was released by the Indiana Department of Local Government Finance - a government authority operating within Indiana. As of today, no separate filing guidelines for the form are provided by the issuing department.

FAQ

Q: What is Form 322?
A: Form 322 is the Application for Deduction From Assessment on Rehabilitated Dwellings in Indiana.

Q: What is the purpose of Form 322?
A: The purpose of Form 322 is to apply for a deduction from assessment on rehabilitated dwellings in Indiana.

Q: What information is required on Form 322?
A: Form 322 requires information about the property owner, property address, rehabilitation details, and financing information.

Q: Is there a deadline to submit Form 322?
A: Yes, Form 322 must be submitted to the county auditor by January 5th of the year in which the deduction is claimed.

Q: What are the eligibility requirements for the deduction?
A: To be eligible for the deduction, the dwelling must have been rehabilitated and the assessed value of the property must have increased by at least 25% due to the rehabilitation.

Q: How long does the deduction last?
A: The deduction lasts for a period of 10 years. After that, the property reverts to its full assessed value.

Q: Is there a fee to apply for the deduction?
A: There is no fee to apply for the deduction.

Q: Can I apply for the deduction if I am a renter?
A: No, the deduction is only available to property owners.

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Form Details:

  • Released on November 1, 2016;
  • The latest edition provided by the Indiana Department of Local Government Finance;
  • Easy to use and ready to print;
  • Quick to customize;
  • Compatible with most PDF-viewing applications;
  • Fill out the form in our online filing application.

Download a fillable version of Form 322 (State Form 49568) by clicking the link below or browse more documents and templates provided by the Indiana Department of Local Government Finance.

Download Form 322 (State Form 49568) Application for Deduction From Assessment on Rehabilitated Dwellings - Indiana

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  • Form 322 (State Form 49568) Application for Deduction From Assessment on Rehabilitated Dwellings - Indiana, Page 1
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