Assessors and Auditors:
The Department recently announced through a news release the availability of the new homestead exemption. The release included a link to the updated homestead Tax Credit and Exemption form.
Divisions 5 and 6 of House File 718, passed in the 2023 legislative session and signed by the Governor on May 4, 2023, establish a homestead tax exemption for claimants 65 years of age or older and increase the military service tax exemption. Both changes are retroactive and will apply to the assessment year starting January 1, 2023.