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Department of Local Government Finance

DLGF > Property Tax Deductions Property Tax Deductions

Deductions work by reducing the amount of assessed value a taxpayer pays on a given parcel of property. Application for deductions must be completed and dated not later than December 31 annually. Taxpayers do not need to reapply for deductions annually. Reapplication should only occur if the property is sold, the title is changed or the home is refinanced (mortgage deduction only).

Deductions applied for prior to the annual deadlines will be applied to the next year’s tax bill. For example, a homeowner who completes and dates an application for a deduction by December 31, 2014 and files the application on or before January 5, 2015 will see the deduction applied to his 2014 pay 2015 tax bill.

To learn about the state’s most common deductions and the associated eligibility requirements of each, see the links below. The forms required for filing for the deductions also can be found below. Personal property deduction forms can be found by clicking HERE.

To learn more about property tax exemptions, click HERE.

County auditors are the best point of contact for questions regarding deductions and eligibility.

Deduction Forms

Homestead Credit & Homestead Standard/Supplemental Deductions

Over 65 Deduction and Over 65 Circuit Breaker Credit

Investment Deductions

General Information

Memoranda

Presentations

Slides, Fact Sheets & Other References