DECEMBER 31, 2012 is the deadline for filing your Application for Homestead Tax Credit. It does not matter whether you have owned your house one year or twenty years. An application must be filed by the end of the calendar year. If your application is already on file and approved, you DO NOT need to reapply. It only takes a minute to check to see if you have filed and if you are approved. Follow these steps:
Click on this link: http://sdatcert3.resiusa.org/rp_rewrite/
Select your County
Enter your street number and street name. Do not include Street, Court, Drive, etc.
Look at the bottom of the page and see if your Homestead application was filed. If it was filed, the entry will show the date your application was approved.
IF IT SAYS “NO APPLICATION” then click on this link for the application:
Also, even after you have filed and been approved, you may not receive a credit on your tax bill. The credits only appear when the assessed value of the property has increased over the allowable limits each year. With declining assessment values, you may not actually receive a dollar credit each year. To learn more about how the Homestead tax credit is calculated, click on the link below:
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As always, if you have any real estate related questions, please feel free to contact any of our attorneys.