You must live in the property on March 1st of the year in which you file and it must be your principal place of residence.
45,000 deduction from the assessed value or ½ of total residential assessed value (whichever is less).
Can be combined with all other deductions.
Disabled Person Deductions
You need proof of disability from social security.
Taxable income cannot exceed $17000.
A person may not apply for this exemption while receiving the Disabled Veterans or the Disabled Person exemption.
Disabled Veteran Deductions
Assessed Value of property cannot exceed $240,000.
Must have proof of service connected disability from veterans affairs: Partially disabled (0%-90%) = $24,960 deducted from net assessment. Totally disabled (100% or 10% + age 62+) = $14,000 deducted from net assessment.
A person may not apply for this exemption while receiving the disabled person or over 65 exemption.
Geothermal Deductions
You must fill out application packet located in the auditor’s office.
Once complete the values will be determined by the assessor.
Heritage Barn Deductions
You must meet the specifications that define and determine a heritage barn.
The application with additional information can be found in the auditor’s office and will be determined by the assessor.
Over 65 Deductions
You must be 65 prior to January 1, of the year in which you file.
Your assessment cannot be over $240,000.
Your adjusted gross income cannot be over $40,000 (married) or $30,000 (single) does not include non-taxable Social Security.
If you file a federal or state income tax return, we must have a current copy.