Enlarge image | Reset Form STATEMENT OF DEDUCTION OF ASSESSED VALUATION County ATTRIBUTED TO HERITAGE BARN Township State Form 55706 (R / 6-16) Prescribed by the Department of Local Government Finance Year Pay Indiana Code 6-1.1-12-26.2provides a property tax deduction for heritage barns. Specifically, an eligible applicant is entitled to a deduction against the assessed value of the structure and foundation of a heritage barn beginning with assessments after 2014. The deduction is equal to 100% of the assessed value of the structure and foundation of the heritage barn. See page 2 for additional information. INSTRUCTIONS:An eligible applicant th tadesires to obtain the dedu tionc must cert fyiand file t ishdedu t onc iapplication thwithe auditor of the county in which the heritage barn is located The. appli ationc may be filed in person or by mail If.mail dethe, mailin mustg be postmarked on or before the last day for filing. The application must contain the information prescribed below. FILING DEADLINE: The application must be completed and signed on or before December 31 of the year for which the deduction is sought and filed or postmarked on or before January 5 of the following year. CERTIFICATION STATEMENT I, _________________________________________________ , certify that I own or am buying a property,ncludingi a heritage ba rn, under a contract that (i) gives me a right to obtain title to the property upon fulfilling the terms of the contract;(ii) does not permi thet owner to terminate the contract as long as I comply with the terms of the contract;(iii) specifies that during the term of the contrac Itmust pay the property taxes on the property;and (iv) has been recorded with the county recorder. I hereby certify that my statements onthis form are true correct, and, complete . Signature Date (month, day, year) PROPERTY DESCRIPTION Address of barn(number and street,city,state and, ZIP code) Township Legal description or key number Telephone number of applicant ( ) Address of applicant(number and street,city,state and, ZIP code) On the assessment date for which this deduction would apply,the barn in question: (A) wasconst uctr debefore 1950 ; Yes No (B) retained sufficient int gritye o designf materi, ls a , a nd construction to cle rlya id ntifye the bu lding i s aba rna ; and Yes No (C) was a mortise and tenon barn (see page 2 for a definition of this term). Yes No FOR AUDITOR’S USE ONLY Tax cycl toe which d duet onc iwould fir t pplys a Assessed value of the structure and foundation of heritage barn 20 Pay 0 2 VERIFICATION BY ASSESSING OFFICIAL Is property recomm nde defor d duetion?c Recommended dedu tionc Was the barn constructed before 1950? Yes No Yes No Comments, fia ny Signature of assessing official Date signed (month, day, year) Printed name of assessing official FINAL DETERMINATION OF COUNTY AUDITOR Approved deduction(equal to 100% of the assessed value of the structure and foundation of the heritage barn Tax cycl toe which d duet onc iwould fir t pplys a [does NOT include land]) 20 Pay 0 2 Signature of auditor Date signed (month, day, year) Printed name of auditor If applicable, reason for changing deduction amount recommended by assessing official Has county fiscal body adopted an ordinance to require a person receiving this deduction to pay an annual public safety fee for each heritage barn for which the person receives this deduction? The fee may not exceed fifty dollars ($50.00). Yes No Distribution on date of filing: Original- county auditor; File-stamped copy- applicant; File-stamped copy- assessing official Distribution on date that final determination is made: Original- county auditor; Copy- applicant; Copy- assessing official Page 1 of 2 |
Enlarge image | ADDITIONAL INFORMATION For purposes of this deduction, the following definitions apply: "Eligible applicant" means (A) an owner of a heritage barn; or (B) a person that is purchasing property, including a heritage barn, under a contract that: (i) gives the person a right to obtain title to the property upon fulfilling the terms of the contract; (ii) does not permit the owner to terminate the contract as long as the person buying the property complies with the terms of the contract; (iii) specifies that during the term of the contract the person must pay the property taxes on the property; and (iv) has been recorded with the county recorder. "Heritage barn" means a barn that on the assessment date: (A) was constructed before 1950; (B) retains sufficient integrity of design, materials, and construction to clearly identify the building as a barn; and (C) is a mortise and tenon barn. A mortise and tenon barn is a barn built using heavy wooden timbers, joined together with wood-pegged mortise and tenon joinery, that form an exposed structural frame. "Barn" means a building (other than a dwelling) that was designed to be used for: (A) housing animals; (B) storing or processing crops; (C) storing and maintaining agricultural equipment; or (D) serving an essential or useful purpose related to agricultural activities conducted on the adjacent land. Upon verification of the application by the appropriate county or township assessor (if there is a township assessor for the township), the auditor of the county must allow the deduction. The auditor must, in a particular year, apply the deduction to the heritage barn of the owner that received the deduction in the preceding year unless the auditor of the county determines that the property is no longer eligible for the deduction because the barn was not constructed before 1950. A person that receives this deduction and remains eligible for the deduction in the following year is not required to file an application in the following year. A person that receives this deduction in a particular year and becomes ineligible for the deduction in the following year must notify the auditor of the county in which the property is located of the ineligibility in the year in which the person becomes ineligible. This deduction terminates following a change in ownership of the heritage barn. However, this deduction does not terminate following the removal of less than all the joint owners of property or purchasers of property under the recorded contract mentioned above. A county fiscal body may adopt an ordinance to require a person receiving this deduction to pay an annual public safety fee for each heritage barn for which the person receives this deduction. The fee may not exceed fifty dollars ($50.00). The county auditor must distribute these public safety fees equitably among the police and fire departments in whose territories each heritage barn is located. Page 2 of 2 |