Indiana Economic Revitalization Area Abatement for Real Property

Economic Revitalization Area Abatement for Real Property
18379.FH11
Reset Form

APPLICATION FOR DEDUCTION FROM ASSESSED VALUATION
OF STRUCTURES IN ECONOMIC REVITALIZATION AREAS (ERA)

20____ PAY 20____
FORM 322 / RE

State Form 18379 (R14 / 6-16)

Prescribed by the Department of Local Government Finance
INSTRUCTIONS:
1. This form is to be filed in person or by mail with the County Auditor of the county in which the property is located.
2. To obtain this deduction, a Form 322 / RE must be filed with the County Auditor before May 10 in the year in which the addition to assessed valuation (or
new assessment) is made, or not later than thirty (30) days after the assessment notice is mailed to the property owner if it was mailed after April 10. If the
property owner misses the May 10 deadline in the initial year of assessment, he can apply between January 1 and May 10 of a subsequent year for the
remainder of the abatement term. (See also IC 6-1.1-12.1-11.3 concerning the failure to file a timely application.)
3. A copy of the Form 11, the approved Form SB-1 / Real Property, the resolution adopted by the designating body, and the Form CF-1 / Real Property must
be attached to this application.
4. The Form CF-1 / Real Property must be updated annually and provided to the County Auditor and the designating body for each assessment year in which
the deduction is applicable.
5. Please see IC 6-1.1-12.1 for further instructions.
6. Taxpayer completes Sections I, II and III below.
7. If property located in an economic revitalization area is also located in an allocation area as defined in IC 36-7-14-39 or IC 36-7-15.1-26, an application for
the property tax deduction may not be approved unless the Commission that designated the allocation area adopts a resolution approving the application
(IC 6-1.1-12.1-2(k)).
8. Except for deductions related to redevelopment or rehabilitation of real property in a county containing a consolidated city, a deduction for the
redevelopment or rehabilitation of real property may not be approved for the following facilities (IC 6-1.1-12.1-3):
a. Private or commercial golf course
j. Any facility, the primary purpose of which is (a) retail food and beverage
service; (b) automobile sales or service; or (c) other retail; (unless the
b. Country club
facility is located in an economic development-target area established
c. Massage parlor
under IC 6-1.1-12.1-7).
d. Tennis club
k. Residential, unless the facility is a multi-family facility that contains at
e. Skating facility, including roller skating, skateboarding or ice skating
least 20% of the units available for use by low and moderate income
individuals, or unless the facility is located in an economic development
f. Racquet sport facility (including handball or racquet ball court)
target area established under IC 6-1.1-12.1-7, or the area is designated
g. Hot tub facility
as a residentially distressed area which is required to meet conditions as
h. Suntan facility
cited in IC 6-1.1-12.1-2(c)(1 & 2).
i. Racetrack
l. Package liquor store [see IC 6-1.1-12.1-3(e)(12)]
SECTION I - DESCRIPTION OF PROPERTY
The owner hereby applies to the County Auditor for a deduction pursuant to IC 6-1.1-12.1-5 beginning with the assessment date January 1, 20 ____.
County

Township

DLGF taxing district number

Key number

Legal description from Form 11

Name of owner
Property address (number and street, city, state, and ZIP code)

Date of Form 11 (month, day, year)

Type of structure

Use of structure
Date ERA designation approved (month, day, year) Resolution number

Governing body that approved ERA designation

SECTION II - VERIFICATION OF OWNER OR REPRESENTATIVE
Signature of owner or representative (I hereby certify that the representations on this application are true.)
Printed name of owner or representative

Address (number and street, city, state, and ZIP code)

SECTION III - STRUCTURES
A. Rehabilitation structure 1. Assessed valuation AFTER rehabilitation
2. Assessed valuation BEFORE rehabilitation
3. Difference in assessed valuation (Line 1 minus Line 2)
4. Assessed valuation eligible for deduction
(for the increase in A/V from the rehabilitation, not including
the increase in A/V from the reassessment of the entire
structure)
B. New structure

Date signed (month, day, year)

1. Assessed valuation
2. Assessed valuation eligible for deduction

AUDITOR'S USE

$
$
$
$

$
$

SECTION IV - VERIFICATION OF ASSESSING OFFICIAL
I verify that the above described structure was assessed and the owner was notified on _________________________________________, with the
effective date of the assessment being January 1, 20 _______, and that the assessed valuations in Section III are correct.
Signature of assessing official

Printed name of assessing official

Page 1 of 2

Date (month, day, year)

SECTION V - FOR AREAS EXCEPT FOR A RESIDENTIALLY DISTRESSED AREA WHERE THE STATEMENT OF BENEFITS WAS
APPROVED BEFORE JULY 1, 2013 - DEDUCTION SCHEDULE PER IC 6-1.1-12.1-17
YEAR OF DEDUCTION / ASSESSED VALUE / PERCENTAGE / DEDUCTION* YEAR OF DEDUCTION / ASSESSED VALUE / PERCENTAGE / DEDUCTION**
(1) For deductions allowed over a one (1) year period:

1

20___ pay 20___

$__________

(8) For deductions allowed over a eight (8) year period:

100% * ____%

$__________

(2) For deductions allowed over a two (2) year period:

1
2

20___ pay 20___
20___ pay 20___

$__________
$__________

100% * ____%
50% * ____%

$__________
$__________

(3) For deductions allowed over a three (3) year period:

1
2
3

20___ pay 20___
20___ pay 20___
20___ pay 20___

$__________
$__________
$__________

100% * ____%
66% * ____%
33% * ____%

$__________
$__________
$__________

(4) For deductions allowed over a four (4) year period:

1
2
3
4

20___ pay 20___
20___ pay 20___
20___ pay 20___
20___ pay 20___

$__________
$__________
$__________
$__________

100%
75%
50%
25%

* ____%
* ____%
* ____%
* ____%

$__________
$__________
$__________
$__________

* ____%
* ____%
* ____%
* ____%
* ____%

$__________
$__________
$__________
$__________
$__________

* ____%
* ____%
* ____%
* ____%
* ____%
* ____%

$__________
$__________
$__________
$__________
$__________
$__________

* ____%
* ____%
* ____%
* ____%
* ____%
* ____%
* ____%

$__________
$__________
$__________
$__________
$__________
$__________
$__________

(5) For deductions allowed over a five (5) year period:

1
2
3
4
5

20___ pay 20___
20___ pay 20___
20___ pay 20___
20___ pay 20___
20___ pay 20___

$__________
$__________
$__________
$__________
$__________

100%
80%
60%
40%
20%

(6) For deductions allowed over a six (6) year period:

1
2
3
4
5
6

20___ pay 20___
20___ pay 20___
20___ pay 20___
20___ pay 20___
20___ pay 20___
20___ pay 20___

$__________
$__________
$__________
$__________
$__________
$__________

100%
85%
66%
50%
34%
17%

(7) For deductions allowed over a seven (7) year period:

1
2
3
4
5
6
7

20___ pay 20___
20___ pay 20___
20___ pay 20___
20___ pay 20___
20___ pay 20___
20___ pay 20___
20___ pay 20___

$__________
$__________
$__________
$__________
$__________
$__________
$__________

100%
85%
71%
57%
43%
29%
14%

1
2
3
4
5
6
7
8

20___ pay 20___
20___ pay 20___
20___ pay 20___
20___ pay 20___
20___ pay 20___
20___ pay 20___
20___ pay 20___
20___ pay 20___

$__________
$__________
$__________
$__________
$__________
$__________
$__________
$__________

100%
88%
75%
63%
50%
38%
25%
13%

* ____%
* ____%
* ____%
* ____%
* ____%
* ____%
* ____%
* ____%

$__________
$__________
$__________
$__________
$__________
$__________
$__________
$__________

* ____%
* ____%
* ____%
* ____%
* ____%
* ____%
* ____%
* ____%
* ____%

$__________
$__________
$__________
$__________
$__________
$__________
$__________
$__________
$__________

* ____%
* ____%
* ____%
* ____%
* ____%
* ____%
* ____%
* ____%
* ____%
* ____%

$__________
$__________
$__________
$__________
$__________
$__________
$__________
$__________
$__________
$__________

(9) For deductions allowed over a nine (9) year period:

1
2
3
4
5
6
7
8
9

20___ pay 20___
20___ pay 20___
20___ pay 20___
20___ pay 20___
20___ pay 20___
20___ pay 20___
20___ pay 20___
20___ pay 20___
20___ pay 20___

$__________
$__________
$__________
$__________
$__________
$__________
$__________
$__________
$__________

100%
88%
77%
66%
55%
44%
33%
22%
11%

(10) For deductions allowed over a ten (10) year period:

1
2
3
4
5
6
7
8
9
10

20___ pay 20___
20___ pay 20___
20___ pay 20___
20___ pay 20___
20___ pay 20___
20___ pay 20___
20___ pay 20___
20___ pay 20___
20___ pay 20___
20___ pay 20___

NOTE:

*

$__________
$__________
$__________
$__________
$__________
$__________
$__________
$__________
$__________
$__________

100%
95%
80%
65%
50%
40%
30%
20%
10%
5%

The deduction percentages shown in this section apply to a
statement of benefits approved before July 1, 2013 that did not
have an alternative deduction schedule adopted by the
designating body. All other abatements shall use the percentages
reflected in the abatement schedule adopted by the designating
body per IC 6-1.1-12.1-17.

The amount of the deduction shall be adjusted annually to reflect changes
to the assessed valuation resulting from a reassessment or an appeal of
the assessment per IC 6-1.1-12.1-4(b).

SECTION VI - FOR A RESIDENTIALLY DISTRESSED AREA WHERE THE STATEMENT OF BENEFITS WAS APPROVED BEFORE JULY 1, 2013
DEDUCTION SCHEDULE PER IC 6-1.1-12.1-17
DEDUCTION IS THE LESSER OF:
[IC 6-1.1-12.1-4.1(b)]

DEDUCTION IS ALLOWED FOR A FIVE (5)
YEAR PERIOD THAT INCLUDES
YEARS:

One (1) family dwelling

Assessed value (after rehabilitation or redevelopment) $___________ or $74,880 AV

_____ pay _____ through _____ pay _____

Two (2) family dwelling

Assessed value (after rehabilitation or redevelopment) $___________ or $106,080 AV

_____ pay _____ through _____ pay _____

Three (3) unit multifamily dwelling

Assessed value (after rehabilitation or redevelopment) $___________ or $156,000 AV

_____ pay _____ through _____ pay _____

Four (4) unit multifamily dwelling

Assessed value (after rehabilitation or redevelopment) $___________ or $199,680 AV

_____ pay _____ through _____ pay _____

TYPE OF DWELLING

Assessed value limits for taxes due and payable prior to January 1, 2005 were $36,000, $51,000, $75,000, and $96,000 for one to four family dwellings, respectively.

SECTION VII - APPROVAL OF COUNTY AUDITOR (COMPLETE ONLY IF APPROVED)
This application is approved in the amounts shown above.
Signature of County Auditor

Printed name of County Auditor

Page 2 of 2

Date signed (month, day, year)