What Property May Be Granted an Exception?
Property may be granted an exemption if an application has been timely filed and the property has been shown to qualify for an exemption specifically provided by statute. Generally such statutes require ownership of the property by specified type of entity and use of the property for specific purpose.
Indiana Code 6-1.1-10-16 describes the use/or purpose necessary to become tax exempt. Organizations such as charitable, educational, religious may be eligible for tax exemption. An exemption must be timely filed it will be deemed waived. Exemptions must be filed on or before May 15th with the County Assessor.
What Must I File?
Form 136, Application for Property Tax Exemption along with Form 136, the taxpayer must present copies of
- Article of Incorporation
- Financial Statements for the previous three years - If a church objects to releasing financial information, the church may write a letter to the PTABOA stating its objections.
- Balance sheets
- Summary of income and expenditures
- Property Record Card (This document may be obtained from the County Assessor)
What Happens After I File?
The PTABOA considers the application and issues a determination of approval, partial approval or denial. A notice of denial can be appealed to the Indiana Board of Tax Review within the thirty days of denial notice. The appeal must be filed with the County Assessor form 132, prescribed by the Indiana Board of Review.
How Often Do I File?
Entities which are granted an exemption under IC 6-1.1-10-16 for property which is owned, occupied and used by a person for educational, literary, scientific, religious, or charitable purposes, do not need to re-file for an exemption unless the use, property characteristics, or ownership changes.